Honeywell to Sell Consumer Products Group

Published: January 31, 2011

Honeywell announced that Rank Group, a private investment company, will acquire its automotive Consumer Products Group business in a cash transaction valued at approximately $950 million.

The CPG business, headquartered in Danbury, Conn., has more than 2,000 employees and includes Fram filters, Prestone antifreeze, Autolite spark plugs and Holts car care products. The unit posted 2010 sales of some $1 billion.

Rank Group is a New Zealand-based private company, and is in the process of acquiring UCI International, parent company of Airtex Products, ASC Industries and Champion Laboratories.

The transaction is subject to regulatory approval and customary closing conditions and is expected to close in the third quarter of 2011.

Goodyear names new Americas unit president

Ryan Waldron joined Goodyear in 2003, serving in leadership roles in finance and supply chain for multiple North America business areas.

By Christian Hinton

Published: April 23, 2024

The Goodyear Tire & Rubber Company has named Ryan Waldron as president of the company's Americas business unit, reporting to Chief Executive Officer and President Mark Stewart. He succeeds Steven R. McClellan, who retired on April 1.

"At Goodyear, our customers are at the center of everything we do, and in Ryan Waldron, we have a customer-centric, execution-focused business leader with a deep understanding of both the marketplace and all aspects of our business, as well as a proven track record of delivering results," Stewart said. "I am thrilled to announce him as president of Goodyear's Americas business and have enormous confidence that under his leadership, both the company and our customers will reach even greater levels of success."