Goodyear’s South Pacific Tyres Acquisition Complete
Goodyear Tire & Rubber Company has completed its acquisition of Ansell Ltd’s interest in their South Pacific Tyres (SPT) joint ventures. Goodyear now owns 100 per cent of SPT, the leading tyre marketer and manufacturer in Australia and New Zealand.
“This move strengthens Goodyear’s position in these countries and enhances its flexibility and earnings growth prospects in the Asia/Pacific region,” said Pierre E. Cohade, president of Goodyear’s Asia/Pacific business unit.
“We see exciting opportunities in our markets and look forward to having the global resources of Goodyear available to help us achieve a stronger market position,” said Joseph Copeland, SPT’s chief executive officer. “The Australian and New Zealand consumer will be the ultimate winner.”