In a historic move, Goodyear Tyre & Rubber Company has agreed to sell the iconic Dunlop brand to Japan’s Sumitomo Rubber Industries (SRI), marking the end of nearly four decades of complex agreements, legal disputes, and corporate negotiations. The deal, pending regulatory approval, is expected to close by the end of the year and grants Sumitomo full ownership of the Dunlop brand, including its manufacturing rights.
This acquisition further strengthens SRI’s portfolio, which includes notable brands such as Falken and Ohtsu Tires. With Dunlop’s storied legacy and global recognition, the brand is set to become a centrepiece of SRI’s tyre empire.
The Deal Details
According to Powersports Business, Goodyear will receive approximately $701 million in cash from SRI for the transaction, which includes:
- The transfer of the Dunlop brand across relevant geographies.
- A “Transition Fee” for supporting the handover process.
- The purchase of Dunlop tire inventory.
The deal also establishes ongoing arrangements for licensing, offtake agreements, and other specialized provisions to ensure a seamless transition.