Yokohama Rubber Co., Ltd., have announced that its acquisition of the Off-the-Road tyre (hereafter OTR) business of The Goodyear Tire & Rubber Company (hereafter, Goodyear), a tyre manufacturing and sales company headquartered in the United States, was concluded on February 4, (JST, Feb. 3 in the US). The OTR business provides specialised tyres for the mining and construction industries among others.
The two companies’ agreement on the transaction was announced on July 22, 2024. Yokohama plans to include the acquired business in its consolidated results from the first quarter of 2025 and is currently examining the addition’s estimated impact on consolidated earnings.
The acquisition is a strategic investment aimed at achieving “Hockey Stick Growth” during Yokohama Transformation 2026 (YX2026), the company’s medium-term management plan for fiscal years 2024–2026.
In addition to an extensive lineup of mining and construction machinery tyres with diameters ranging from 25 inches or less to large and ultra-large sizes of 49 to 63 inches, the acquisition brings to Yokohama the former Goodyear business’ advanced technologies, strong brand power, and professional services provided by skilled staff.
The acquisition is a key part of Yokohama’s effort to expand its off-highway tyre (OHT) product lineup and its production and supply capabilities in all OHT categories, including tyres for mining and construction machinery, as it seeks to strengthen its market position and competitiveness in the OHT business and enhance its corporate value.
Overview of the acquired business
Business: OTR business (tyres for the mining & construction industry)
Annual sales: US$678 million (fiscal 2023)
Employees: Approx. 500
