{"id":51154,"date":"2021-03-10T10:11:00","date_gmt":"2021-03-10T10:11:00","guid":{"rendered":"https:\/\/wordpress2.hdnweb.com\/2021\/03\/10\/freedonia-analyst-weighs-in-on-goodyear-tire-rubbers-acquisition-of-cooper-tire-rubber\/"},"modified":"2021-03-10T10:11:00","modified_gmt":"2021-03-10T10:11:00","slug":"freedonia-analyst-weighs-in-on-goodyear-tire-rubbers-acquisition-of-cooper-tire-rubber","status":"publish","type":"post","link":"https:\/\/wordpress2.hdnweb.com\/en\/2021\/03\/10\/freedonia-analyst-weighs-in-on-goodyear-tire-rubbers-acquisition-of-cooper-tire-rubber\/","title":{"rendered":"Freedonia Analyst Weighs In On Goodyear Tire &amp; Rubber&#8217;s Acquisition of Cooper Tire &amp; Rubber"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">CLEVELAND<\/span>, <span class=\"xn-chron\">March 10, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0Goodyear Tire &amp; Rubber, the leading US-based manufacturer of tires and a leading supplier of other industrial rubber products, <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3088560-1&amp;h=2694282906&amp;u=https%3A%2F%2Fwww.wsj.com%2Farticles%2Fgoodyear-to-buy-rival-cooper-tire-for-2-8-billion-11614005701%3Fmod%3Dhp_lista_pos3&amp;a=announced+recently\" rel=\"nofollow\">announced recently<\/a> that it was acquiring Cooper Tire &amp; Rubber, the second-largest US-based tire producer. The transaction, which is expected to be completed in the second half of 2021, will create a firm with annual revenues of over <span class=\"xn-money\">$17 billion<\/span> and a global network of over 50 manufacturing plants.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n                        <a href=\"https:\/\/mma.prnewswire.com\/media\/396004\/Freedonia_Group_Logo.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n                    <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/396004\/Freedonia_Group_Logo.jpg\" title=\"Freedonia Group logo\" alt=\"Freedonia Group logo\"\/><\/a>\n                <\/p>\n<\/p><\/div>\n<p><b>According to Freedonia Group industry analyst <span class=\"xn-person\">Matt Zielenski<\/span><\/b>, the transaction provides significant benefits for both firms. &#8220;For Goodyear, the company will be able to <span id=\"spanHghltb393\">greatly<\/span> its position in the large replacement tire market \u2013 both in the US and elsewhere in the world. Rising automobile prices in the US will encourage many people to extend the lifespan of their vehicles before trading them in, which in turn will support long-term demand for replacement tires. Additionally, as automobile ownership increases in such nations as <span class=\"xn-location\">China<\/span>, the market for replacement tires will also rise.&#8221;<\/p>\n<p>Furthermore, a burgeoning Asian market for motorcycles will provide additional growth opportunities for the combined company, as both Goodyear and Cooper have extensive product lines in that market segment.<\/p>\n<p>Zielenski noted that for Cooper, the deal allows that company&#8217;s products to be sold through Goodyear&#8217;s extensive global distribution network \u2013 such as the TireHub joint venture with Bridgestone, as well as at Goodyear&#8217;s chain of <b>Goodyear<\/b>-branded service stations \u2013 thus broadening its customer reach.\u00a0 Additionally, Cooper will have access to Goodyear&#8217;s technologies, such as run-flat tires, thus potentially boosting the performance properties of its replacement tire offerings.<\/p>\n<p>For more information on the global market for tires, see the <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3088560-1&amp;h=2608489316&amp;u=https%3A%2F%2Fwww.freedoniagroup.com%2Findustry-study%2Fglobal-tires-3687.htm&amp;a=Global+Tires\" rel=\"nofollow\">Global Tires<\/a> study from Freedonia.<\/p>\n<p><b>About the Freedonia Group <\/b>&#8211; The Freedonia Group, a division of MarketResearch.com, is the premier international industrial research company, providing our clients with product analyses, market forecasts, industry trends, and market share information. From one-person consulting firms to global conglomerates, our analysts provide companies with unbiased, reliable industry market research and analysis to help them make important business decisions. With over 100 studies published annually, we support over 90% of the industrial Fortune 500 companies. Find off-the-shelf studies at <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3088560-1&amp;h=2652580759&amp;u=https%3A%2F%2Fwww.freedoniagroup.com%2F&amp;a=https%3A%2F%2Fwww.freedoniagroup.com%2F\" rel=\"nofollow\">https:\/\/www.freedoniagroup.com\/<\/a><\/u> or contact us for custom research: +1 440.842.2400. <\/p>\n<p><b>Press Contact:<br \/><\/b><span class=\"xn-person\">Corinne Gangloff<\/span><br \/>+1 440.842.2400<br \/><a target=\"_blank\" href=\"mailto:cgangloff@freedoniagroup.com\" rel=\"nofollow\">cgangloff@freedoniagroup.com<\/a><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\">\n<\/div>\n<p id=\"PURL\"><img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DC01032&amp;sd=2021-03-10\"\/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/freedonia-analyst-weighs-in-on-goodyear-tire--rubbers-acquisition-of-cooper-tire--rubber-301244249.html\">http:\/\/www.prnewswire.com\/news-releases\/freedonia-analyst-weighs-in-on-goodyear-tire&#8211;rubbers-acquisition-of-cooper-tire&#8211;rubber-301244249.html<\/a><\/p>\n<p>SOURCE  The Freedonia Group<\/p>\n<\/div>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DC01032&amp;Transmission_Id=202103101011PR_NEWS_USPR_____DC01032&amp;DateId=20210310\" style=\"border:0px; width:1px; height:1px;\"\/> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">CLEVELAND<\/span>, <span class=\"xn-chron\">March 10, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0Goodyear Tire &amp; Rubber, the leading US-based manufacturer of tires and a leading supplier of other industrial rubber products, <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3088560-1&amp;h=2694282906&amp;u=https%3A%2F%2Fwww.wsj.com%2Farticles%2Fgoodyear-to-buy-rival-cooper-tire-for-2-8-billion-11614005701%3Fmod%3Dhp_lista_pos3&amp;a=announced+recently\" rel=\"nofollow noopener\">announced recently<\/a> that it was acquiring Cooper Tire &amp;&#8230;<\/p>\n","protected":false},"author":1,"featured_media":51155,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[12],"tags":[],"class_list":["post-51154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-marco-carvajal"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Freedonia Analyst Weighs In On Goodyear Tire &amp; 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