M&A Deal Summary

Goodyear Tire & Rubber Acquires Cooper Tire & Rubber

On February 22, 2021, Goodyear Tire & Rubber acquired automotive company Cooper Tire & Rubber for 2.5B USD

Acquisition Highlights
  • This is Goodyear Tire & Rubber’s 2nd transaction in the Automotive sector.
  • This is Goodyear Tire & Rubber’s largest (disclosed) transaction.
  • This is Goodyear Tire & Rubber’s 2nd transaction in the United States.
  • This is Goodyear Tire & Rubber’s 1st transaction in Ohio.

M&A Deal Summary
Date 2021-02-22
Target Cooper Tire & Rubber
Sector Automotive
Buyer(s) Goodyear Tire & Rubber
Deal Type Add-on Acquisition
Deal Value 2.5B USD
Advisor(s) Goldman Sachs (Financial)
Jones Day (Legal)

Target

Cooper Tire & Rubber

Findlay, Ohio, United States
website
Cooper Tire & Rubber's corporate headquarters in Findlay, Ohio.
Cooper Tire & Rubber's corporate headquarters in Findlay, Ohio.
Cooper Tire & Rubber is a manufacturer and marketer of replacement tires. Cooper focuses on the manufacture and sale of passenger and light and medium truck replacement tires. Cooper Tire & Rubber was founded in 1914 and is based in Findlay, Ohio.

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Buyer(S) 1

Buyer

Goodyear Tire & Rubber

Akron, Ohio, United States

website

Category Company
Founded 1898
Sector Automotive
Employees62,000
Revenue 20.8B USD (2022)
DESCRIPTION

Goodyear Tire & Rubber is a manufacturer of tires for automobiles, commercial trucks, light trucks, SUVs, race cars, airplanes, farm equipment and heavy earth-mover machinery. Goodyear Tire & Rubber was founded in 1898 and is based in Akron, Ohio.

DEAL STATS #
Overall 5 of 5
Sector (Automotive) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Ohio) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-16 Raben Tire

Evansville, Indiana, United States

Raben Tire Co. LLC is an independent tire dealer offering new and retreaded tires as well as automotive services to retail, commercial, and wholesale customers. Raben operates 25 stores, two wholesale distribution centers, and three retreading facilities across five midwestern states. Raben Tire carries a diverse product portfolio including passenger, truck, farm, off road, and motorcycle tires.

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