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Goodyear Completes South Pacific Tyres Acquisition

(Akron/Tire Review) Goodyear Tire & Rubber Co. announced that it has completed its acquisition of Ansell Limited’s interest in the companies’ South Pacific Tyres (SPT) joint ventures.

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Goodyear now owns 100% of SPT, which markets and manufactures tires in Australia and New Zealand.

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“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.

Formed in 1987, SPT has 4,000 associates and annual sales of more than $700 million.  Its results have been consolidated with those of Goodyear’s Asia/Pacific region since January 2004.

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