The Goodyear Tire & Rubber Company has completed its acquisition of Cooper Tire & Rubber Company, finalising the merger agreement made public on February 22.
The combination unites two leading tyre companies with complementary product portfolios, services and capabilities to create a stronger US-based leader in the global tyre industry, said a press release.
The combined company will offer more options across the value spectrum making it easier for customers and consumers to choose Goodyear- and Cooper-branded tires, it added.
“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,” said Mr. Richard J. Kramer, Goodyear Chairman, CEO and President.