Cooper and Goodyear going together

Tires and Wheels (Mopar Hubcaps Too)

  1. Builderguy

    Builderguy Builderguy FBBO Gold Member

    Messages:
    942
    Likes Received:
    808
    Joined:
    Sep 5, 2017
    Location:
    Alma, mi
    Local Time:
    8:59 PM
    Goodyear, Cooper $2.8B deal creates U.S. tire leader
    Two of America's biggest tire companies are tying up; Goodyear Tire & Rubber Co. and Cooper in a deal valued at $2.8 billion.
    “The addition of Cooper’s complementary tire product portfolio and highly capable manufacturing assets, coupled with Goodyear’s technology and industry leading distribution, provides the combined company with opportunities for improved cost efficiency and a broader offering for both companies’ retailer networks. We are confident this combination will enable us to provide enhanced service for our customers and consumers while delivering value for shareholders" said Richard J. Kramer, Goodyear chairman, chief executive officer and president, in the deal's announcement.

    Cooper, founded in 1914, is the 5th largest tire maker in North America based on revenue. The company has about 10,000 employees in 15 countries. In addition to the Cooper brand, it also owns Mastercraft, Roadmaster and Mickey Thompson. For Goodyear, the bigger company, the deal will nearly double its presence in China.

    Cooper will get access to Goodyear's 2,500 retail locations. The companies had combined sales of $19.5 billion in 2019. By combining, the new company would save about $165 million within two years of closing and free up cash in tax savings. It will also bring an array of tire brands together under one roof, including Goodyear's Dunlop and Kelly brands, and Cooper's Mastercraft and Mickey Thompson brands.

    The company will be based in Goodyear's home of Akron, Ohio. Cooper's current headquarters is 132 miles away in Findlay, Ohio, where the company will continue to maintain a presence.


     
  2. Slap Stick

    Slap Stick Well-Known Member

    Messages:
    4,722
    Likes Received:
    5115
    Joined:
    Jan 15, 2017
    Location:
    Missouri
    Local Time:
    7:59 PM
    I wonder what that does to Cooper's interest in Kumho?
    Also, how does Cooper get access to more retail locations? Cooper will cease to exist.

    Sad to hear this. Goodyear can't mess up their own company enough so they buy another.
     
    • Agree Agree x 3
    • Dennis H

      Dennis H FBBO Gold Member FBBO Gold Member

      Messages:
      14,780
      Likes Received:
      18351
      Joined:
      Jul 11, 2010
      Location:
      San Jose
      Local Time:
      7:59 PM
      Sad for Cooper.
       
      • Agree Agree x 5
      • Runcharger

        Runcharger Well-Known Member

        Messages:
        97
        Likes Received:
        149
        Joined:
        Apr 22, 2020
        Location:
        Vernon
        Local Time:
        5:59 PM
        Yes: I hope Cooper's quality doesn't go into the toilet the way Goodyears has.
         
        • Agree Agree x 4
        • R413

          R413 Well-Known Member

          Messages:
          1,317
          Likes Received:
          2763
          Joined:
          Feb 4, 2019
          Location:
          NW USA
          Local Time:
          5:59 PM
          Goodyear dropped all the 14” and 15” tires. So hopefully they are getting Cooper to keep going with their line of tires.

          but usually these things get all screwed up.
           
          • Agree Agree x 2
          • tonysrt

            tonysrt Well-Known Member

            Messages:
            448
            Likes Received:
            382
            Joined:
            Dec 6, 2017
            Location:
            Northport, NY
            Local Time:
            8:59 PM
            I will never buy a goodyear tire because of what they said people can and can't wear.
             
            • Agree Agree x 3
            • Like Like x 2
            • MoparLeo

              MoparLeo NRA PATRON LEVEL LIFE MEMBER FBBO Gold Member

              Messages:
              1,167
              Likes Received:
              975
              Joined:
              Nov 24, 2015
              Location:
              Moreno Valley, So California
              Local Time:
              5:59 PM
              Just means that you will see the Cooper brand being sold at Goodyear company store locations. Some people will see that as a plus.
               
              • Agree Agree x 1
              • wvmarv

                wvmarv Well-Known Member

                Messages:
                343
                Likes Received:
                161
                Joined:
                May 16, 2011
                Location:
                washington, wv
                Local Time:
                8:59 PM
                Another combination that will mean higher costs for customers and job layoffs. But hey, the shareholders will get richer.
                 
                • Agree Agree x 4
                • Thanks! Thanks! x 1
                • 440Coronet500

                  440Coronet500 Well-Known Member

                  Messages:
                  972
                  Likes Received:
                  1246
                  Joined:
                  Jun 27, 2019
                  Location:
                  Mi
                  Local Time:
                  8:59 PM
                  Let the downsizing begin! Sales, Purchasing, and any other overlap will be cut. Sunshine up the ass from the CEO, seen it to many times in corporate America. Unfortunately, many hard working Americans will lose their jobs. 440'
                   
                  • Agree Agree x 2
                  • 64fury74charger

                    64fury74charger Well-Known Member

                    Messages:
                    159
                    Likes Received:
                    142
                    Joined:
                    Feb 7, 2021
                    Location:
                    Lynnwood WA
                    Local Time:
                    5:59 PM
                    Interesting! Looks like the tires are going downhill so maybe we can put our collective ingenuity together here and create some type of gel or coating that would magically keep our tires in a constant state of Brand Spanking Knew......never need to buy tires again......hhmmmmm. Any ideas????
                    :realcrazy: :luvplace: :jackoff: :wetting: :popcorn2:

                    1B464BC4-30DA-441F-A65B-6B27CAAA255D.jpeg
                     
                  • YY1

                    YY1 Well-Known Member

                    Messages:
                    16,765
                    Likes Received:
                    8808
                    Joined:
                    Jun 26, 2010
                    Location:
                    FL
                    Local Time:
                    8:59 PM
                    Crap.
                     
                  • Charged440

                    Charged440 Well-Known Member

                    Messages:
                    134
                    Likes Received:
                    133
                    Joined:
                    Apr 14, 2016
                    Local Time:
                    7:59 PM
                    Great, now Coppers will dry rot out in three years like Goodyears do
                     
                  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
                    By continuing to use this site, you are consenting to our use of cookies.