The announcement was made Monday by the two Ohio tire manufactures, which will solidify Goodyear's position as the third-largest tire brand in the world. The company will be headquartered in Akron but will have a presence in Findlay. The sale will also combine both companies’ strengths in light truck and SUV products. Cooper Tire has been around for over one hundred years and was North America’s fifth-largest tire maker. The combined sales for both companies in 2019 were $17.5 billion. The deal is expected to close in the second half of 2021.
Cooper Tire has announced that they are keeping their North American plants closed for another two weeks. The Findlay based company first announced temporarily closing their plants in United States and Mexico on March 21st do to the COVID-19 outbreak, and Cooper said on Friday that they are going to extend that decision at least another two weeks. The company says the decision is not only to protect the health and safety of the employees, but consumer demand has been down since the outbreak. The Cooper Distribution Centers continue to operate to get products out to the customers. Cooper Tire’s China plant reopened several weeks ago and continues to ramp up production.
A regional tire manufacturer wants to make sure you are safe on the roadways.
It was a sneak peek into the world of tire production for 8th grade students visiting Cooper Tire Manufacturing Tuesday.