AKRON, Ohio, May 22, 2025 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) ("Goodyear" or the "Company") today announced that it has signed a definitive agreement to sell the majority of its Goodyear Chemical business to Gemspring Capital Management, LLC. The transaction follows a previously announced strategic review of Goodyear's Chemical business in connection with the Goodyear Forward transformation plan.
kAmv@@5J62C r96>:42= :D 2 =625:?8 AC@5F46C @7 DJ?E96E:4 CF336C[ @776C:?8 2 3C@25 AC@5F4E A@CE7@=:@ :? kDA2? 4=2DDlQI?\=@42E:@?Qm}@CE9 p>6C:42k^DA2?m 2?5 D6CG:?8 E96 2FE@>@E:G6 27E6C>2C<6E 2D H6== 2D E96 4@?DF>6C 2?5 :?5FDEC:2= 6?5 >2C<6ED] !FCDF2?E E@ E96 EC2?D24E:@? E6C>D[ v6>DAC:?8 H:== A2J v@@5J62C 42D9 AC@4665D 2E 4=@D:?8 @7 2AAC@I:>2E6=J kDA2? 4=2DDlQI?\>@?6JQmSed_ >:==:@?k^DA2?m[ DF3;64E E@ 46CE2:? A@DE\4=@D:?8 25;FDE>6?ED[ 7@C v@@5J62C r96>:42= 724:=:E:6D :? kDA2? 4=2DDlQI?\=@42E:@?Qmw@FDE@?k^DA2?m 2?5 kDA2? 4=2DDlQI?\=@42E:@?Qmq62F>@?E[ %6I2Dk^DA2?m[ 2?5 2 C6=2E65 C6D62C49 @77:46 :? kDA2? 4=2DDlQI?\=@42E:@?Qmp<C@?[ ~9:@k^DA2?m] p55:E:@?2==J[ E96 EC2?D24E:@? AC@G:56D 7@C 2 =@?8\E6C> DFAA=J 28C66>6?E]k^Am
kAmQ(:E9 E96 D2=6 @7 @FC 496>:42= 3FD:?6DD[ H6 4@?E:?F6 E@ 56>@?DEC2E6 @FC 4@>>:E>6?E E@ @AE:>:K:?8 @FC A@CE7@=:@ 2?5 4C62E:?8 D92C69@=56C G2=F6[Q D2:5 v@@5J62C r9:67 tI64FE:G6 ~77:46C 2?5 !C6D:56?E kDA2? 4=2DDlQI?\A6CD@?Qm|2C< $E6H2CEk^DA2?m] Q(6 2C6 8C2E67F= E@ @FC v@@5J62C r96>:42= 2DD@4:2E6D H9@ 92G6 5C:G6? E96 DF446DD @7 E9:D 3FD:?6DD] (6 H:== H@C< 4=@D6=J H:E9 v6>DAC:?8 E@ 96=A 6?DFC6 2 D>@@E9 EC2?D:E:@? 7@C @FC 2DD@4:2E6D[ 4FDE@>6CD 2?5 DFAA=:6CD]Qk^Am
kAm%96 EC2?D24E:@? :D DF3;64E E@ C68F=2E@CJ 2AAC@G2=[ 2D H6== 2D @E96C 4FDE@>2CJ 4=@D:?8 4@?5:E:@?D 2?5 :D 6IA64E65 E@ 4=@D6 3J =2E6 a_ad] v@@5J62C :?E6?5D E@ FD6 EC2?D24E:@? AC@4665D E@ C65F46 =6G6C286 2?5 7F?5 :?:E:2E:G6D :? 4@??64E:@? H:E9 E96 v@@5J62C u@CH2C5 EC2?D7@C>2E:@? A=2?]k^Am
kAmv@@5J62C H:== C6E2:? :ED r96>:42= 724:=:E:6D :? kDA2? 4=2DDlQI?\=@42E:@?Qm}:282C2 u2==D[ }6H *@C<k^DA2?m[ 2?5 kDA2? 4=2DDlQI?\=@42E:@?Qmq2JA@CEk^DA2?m[ kDA2? 4=2DDlQI?\=@42E:@?Qm%6I2Dk^DA2?m[ 2?5 :ED C:89ED E@ E96 AC@5F4ED AC@5F465 2E DF49 724:=:E:6D]k^Am
kAmkDEC@?8mp5G:D@CDk^DEC@?8mk^Am
kAm{2K2C5 :D 24E:?8 2D =625 7:?2?4:2= 25G:D@Cj s6FED496 q2?< :D 24E:?8 2D 7:?2?4:2= 25G:D@Cj 2?5 $BF:C6 !2EE@? 2?5 q@88D :D 24E:?8 2D =682= 25G:D@C E@ v@@5J62C]k^Am
kAmkDEC@?8mp3@FE %96 v@@5J62C %:C6 U2>Aj #F336C r@>A2?Jk^DEC@?8mk^Am
kAmv@@5J62C :D @?6 @7 E96 H@C=5VD =2C86DE E:C6 4@>A2?:6D] xE 6>A=@JD 23@FE eg[___ A6@A=6 2?5 >2?F724EFC6D :ED AC@5F4ED :? db 724:=:E:6D :? a_ 4@F?EC:6D 2C@F?5 E96 H@C=5] xED EH@ x??@G2E:@? r6?E6CD :? kDA2? 4=2DDlQI?\=@42E:@?Qmp<C@?[ ~9:@k^DA2?m[ 2?5 r@=>2C\q6C8[ kDA2? 4=2DDlQI?\=@42E:@?Qm{FI6>3@FC8k^DA2?m[ DEC:G6 E@ 56G6=@A DE2E6\@7\E96\2CE AC@5F4ED 2?5 D6CG:46D E92E D6E E96 E649?@=@8J 2?5 A6C7@C>2?46 DE2?52C5 7@C E96 :?5FDECJ] u@C >@C6 :?7@C>2E:@? 23@FE v@@5J62C 2?5 :ED AC@5F4ED[ 8@ E@ k2 9C67lQ9EEADi^^4a`a]?6E^4^=:?<^nEl_U2>Aj=l6?U2>Aj@lccbc`gf\`U2>Aj9ladf_bhc``fU2>AjFl9EEATbpTauTauHHH]8@@5J62C]4@>Tau4@CA@C2E6U2>Aj2lHHH]8@@5J62C]4@>Tau4@CA@C2E6Q C6=lQ?@7@==@HQ E2C86ElQ03=2?<QmHHH]8@@5J62C]4@>^4@CA@C2E6k^2m]k^Am
kAmkDEC@?8mu@CH2C5\{@@<:?8 $E2E6>6?EDk^DEC@?8mk^Am
kAm%9:D ?6HD C6=62D6 4@?E2:?D 7@CH2C5\=@@<:?8 DE2E6>6?ED H:E9:? E96 >62?:?8 @7 %96 !C:G2E6 $64FC:E:6D {:E:82E:@? #67@C> p4E @7 `hhd[ $64E:@? afp @7 E96 $64FC:E:6D p4E 2?5 $64E:@? a`t @7 E96 tI492?86 p4E]k^Am
kAm$F49 7@CH2C5\=@@<:?8 DE2E6>6?ED :?4=F56[ 3FE 2C6 ?@E =:>:E65 E@[ DE2E6>6?ED C6=2E:?8 E@ E96 AC@A@D65 EC2?D24E:@?[ :?4=F5:?8 DE2E6>6?ED C682C5:?8 E96 36?67:ED @7 E96 EC2?D24E:@? 2?5 E96 2?E:4:A2E65 E:>:?8 @7 E96 EC2?D24E:@?[ 2?5 :?7@C>2E:@? C682C5:?8 E96 3FD:?6DD6D @7 v@@5J62C 2?5 v6>DAC:?8] %96C6 2C6 2 G2C:6EJ @7 724E@CD[ >2?J @7 H9:49 2C6 36J@?5 @FC 4@?EC@=[ E92E 27764E @FC @A6C2E:@?D[ A6C7@C>2?46[ 3FD:?6DD DEC2E68J 2?5 C6DF=ED 2?5 4@F=5 42FD6 @FC 24EF2= C6DF=ED 2?5 6IA6C:6?46 E@ 5:776C >2E6C:2==J 7C@> E96 2DDF>AE:@?D[ 6IA64E2E:@?D 2?5 @3;64E:G6D 6IAC6DD65 :? 2?J 7@CH2C5\=@@<:?8 DE2E6>6?ED] %96D6 724E@CD :?4=F56[ 3FE 2C6 ?@E =:>:E65 E@i @FC 23:=:EJ E@ :>A=6>6?E DF446DD7F==J E96 v@@5J62C u@CH2C5 A=2? 2?5 @FC @E96C DEC2E68:4 :?:E:2E:G6D[ :?4=F5:?8 E96 D2=6 @7 v@@5J62C r96>:42=j C:D<D C6=2E:?8 E@ E96 23:=:EJ E@ 4@?DF>>2E6 E96 D2=6 @7 v@@5J62C r96>:42= @? 2 E:>6=J 32D:D @C 2E 2==[ :?4=F5:?8 72:=FC6 E@ @3E2:? E96 C6BF:C65 C68F=2E@CJ 2AAC@G2=D @C E@ D2E:D7J E96 @E96C 4@?5:E:@?D E@ E96 4=@D:?8 @7 E96 EC2?D24E:@?j 24E:@?D 2?5 :?:E:2E:G6D E2<6? 3J 3@E9 4FCC6?E 2?5 A@E6?E:2= 4@>A6E:E@CDj :?4C62D6D :? E96 AC:46D A2:5 7@C C2H >2E6C:2=D 2?5 6?6C8Jj :?7=2E:@?2CJ 4@DE AC6DDFC6Dj 56=2JD @C 5:DCFAE:@?D :? @FC DFAA=J 492:? @C E96 AC@G:D:@? @7 D6CG:46D E@ FDj 2 AC@=@?865 64@?@>:4 5@H?EFC? @C A6C:@5 @7 64@?@>:4 F?46CE2:?EJj 56E6C:@C2E:?8 64@?@>:4 4@?5:E:@?D @C 2? :?23:=:EJ E@ 2446DD 42A:E2= >2C<6EDj 2 =23@C DEC:<6[ H@C< DE@AA286[ =23@C D9@CE286 @C @E96C D:>:=2C 6G6?Ej 7:?2?4:2= 5:77:4F=E:6D[ H@C< DE@AA286D[ =23@C D9@CE286D @C DFAA=J 5:DCFAE:@?D 2E @FC DFAA=:6CD @C 4FDE@>6CDj E96 256BF24J @7 @FC 42A:E2= 6IA6?5:EFC6Dj 492?86D :? E2C:77D[ EC256 28C66>6?ED @C EC256 C6DEC:4E:@?Dj 7@C6:8? 4FCC6?4J EC2?D=2E:@? 2?5 EC2?D24E:@? C:D<Dj @FC 72:=FC6 E@ 4@>A=J H:E9 2 >2E6C:2= 4@G6?2?E :? @FC 563E @3=:82E:@?Dj A@E6?E:2= 25G6CD6 4@?D6BF6?46D @7 =:E:82E:@? :?G@=G:?8 E96 r@>A2?Jj 2D H6== 2D E96 67764ED @7 >@C6 86?6C2= 724E@CD DF49 2D 492?86D :? 86?6C2= >2C<6E[ 64@?@>:4 @C A@=:E:42= 4@?5:E:@?D @C :? =68:D=2E:@?[ C68F=2E:@? @C AF3=:4 A@=:4J] p55:E:@?2= 724E@CD 2C6 5:D4FDD65 :? @FC 7:=:?8D H:E9 E96 $64FC:E:6D 2?5 tI492?86 r@>>:DD:@?[ :?4=F5:?8 @FC 2??F2= C6A@CE @? u@C> `_\z[ BF2CE6C=J C6A@CED @? u@C> `_\" 2?5 4FCC6?E C6A@CED @? u@C> g\z] x? 255:E:@?[ 2?J 7@CH2C5\=@@<:?8 DE2E6>6?ED C6AC6D6?E @FC 6DE:>2E6D @?=J 2D @7 E@52J 2?5 D9@F=5 ?@E 36 C6=:65 FA@? 2D C6AC6D6?E:?8 @FC 6DE:>2E6D 2D @7 2?J DF3D6BF6?E 52E6] (9:=6 H6 >2J 6=64E E@ FA52E6 7@CH2C5\=@@<:?8 DE2E6>6?ED 2E D@>6 A@:?E :? E96 7FEFC6[ H6 DA64:7:42==J 5:D4=2:> 2?J @3=:82E:@? E@ 5@ D@[ 6G6? :7 @FC 6DE:>2E6D 492?86]k^Am
kAmkDEC@?8mkDA2?mr~}%pr%ik^DA2?mk^DEC@?8mk^Am
kAmkDA2?ms~&vk^DA2?m v#p$$xp}k^Am
kAmkDA2?mbb_]fhe]bgddk^DA2?mk^Am
kAmk2 9C67lQ>2:=E@is~&v0v#p$$xp}ov~~s*tp#]r~|Q C6=lQ?@7@==@HQ E2C86ElQ03=2?<QmkDA2?ms~&v0v#p$$xp}ov~~s*tp#]r~|k^DA2?mk^2mk^Am
kA :5lQ!&#{Qmk:>8 2=ElQr:D:@?Q 96:89ElQ`aQ DC4lQ9EEADi^^4a`a]?6E^4^:>8^72G:4@?]A?8nD?lr{hcfeeU2>AjD5la_ad\_d\aaQ E:E=6lQr:D:@?Q H:5E9lQ`aQ ^m ':6H @C:8:?2= 4@?E6?E E@ 5@H?=@25 >F=E:>65:2ik2 9C67lQ9EEADi^^HHH]AC?6HDH:C6]4@>^?6HD\C6=62D6D^8@@5J62C\2??@F?46D\D2=6\@7\496>:42=\3FD:?6DD\b_acebehd]9E>=Q :5lQ!#}&#{Q C6=lQ?@7@==@HQ E2C86ElQ03=2?<Qm9EEADi^^HHH]AC?6HDH:C6]4@>^?6HD\C6=62D6D^8@@5J62C\2??@F?46D\D2=6\@7\496>:42=\3FD:?6DD\b_acebehd]9E>=k^2mk^Am
kAm$~&#rt %96 v@@5J62C %:C6 U2>Aj #F336C r@>A2?Jk^Am
kAmk:>8 DC4lQ9EEADi^^CE]AC?6HDH:C6]4@>^CE]8:7n}6HDxE6>x5lr{hcfeeU2>Aj%C2?D>:DD:@?0x5la_ad_daa`eb_!#0}t($0&$!#00000r{hcfeeU2>Ajs2E6x5la_ad_daaQ DEJ=6lQ3@C56Ci_AIj H:5E9i`AIj 96:89Ei`AIjQ ^mk^Am
