Equipment Maintenance and Repair

Sumitomo to Acquire Dunlop Tire Brand

Jan. 8, 2025

Sales of truck tires totaled $201 million in 2023.

Goodyear will sell its Dunlop brand to Sumitomo.

Sumitomo will acquire the Dunlop tire brand from Goodyear for $701 million, according to Modern Tire Dealer. The deal covers trademarks and “intangible assets necessary for the operations of the brand business in Europe, North America, and Oceania,” according to Goodyear.

According to Goodyear, sales of Dunlop-brand commercial truck tire sales totaled $201 million in 2023.

“This is another important milestone as we continue to execute against our Goodyear Forward transformation plan,” said Mark Stewart, Goodyear president/CEO, in a statement. “We are optimizing our portfolio and reducing leverage to drive sustainable and substantial shareholder value creation.”

The article referenced in this story originally ran as “Goodyear to Sell Dunlop Brand to Sumitomo” on ModernTireDealer.com, an Endeavor Business Media sibling site.

About the Author

Rod Sutton

Sutton has served as the editorial lead of Construction Equipment magazine and ConstructionEquipment.com since 2001.

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