Goodyear Completes Cooper Tire Acquisition
June 8, 2021—Goodyear Tire & Rubber has completed its acquisition of Cooper Tire & Rubber, according to a press release.
The move is a finalization of the merger agreement that was made public on February 22.
"We are excited to officially bring Goodyear and Cooper together and unite our shared focus on customers, innovation and high-quality products and solutions. This combination strengthens Goodyear's ability to serve more consumers globally and provides increased scale to support greater investments in new mobility and fleet solutions," Richard J. Kramer, Goodyear chairman, chief executive officer and president, said in a statement.
Both the Goodyear and Cooper Tires brands will remain intact.