Business
Gemspring Capital Completes Acquisition of The Goodyear Tire & Rubber Company's Polymer Chemicals Business
Gemspring Capital Management, LLC ("Gemspring"), a middle-market private equity firm, is pleased to announce that an affiliate has completed the acquisition of The Goodyear Tire & Rubber Company's (NASDAQ: GT) ("Goodyear") polymer chemicals business (the "Polymer Chemical Business" or the "Company").
About this update from The Goodyear Tire & Rubber Company
[{"type":"text","content":"WESTPORT, Conn., Nov. 3, 2025 /PRNewswire/ -- Gemspring Capital Management, LLC ("Gemspring"), a middle-market private equity firm, is pleased to announce that an affiliate has completed the acquisition of The Goodyear Tire & Rubber Company's (NASDAQ: GT) ("Goodyear") polymer chemicals business (the "Polymer Chemical Business" or the "Company").","length":400,"tagName":"p"},{"type":"image","alt":"New Logo (PRNewsfoto/Gemspring Capital)","displaySize":"","headline":null,"caption":"New Logo (PRNewsfoto/Gemspring Capital)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":45,"url":"https://media.zenfs.com/en/prnewswire.com/a3112264448c41e74a337555470409f0"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/IvG8WhNyv14hoss.MoqZ.g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTc5O2NmPXdlYnA-/https://media.zenfs.com/en/prnewswire.com/a3112264448c41e74a337555470409f0","width":400,"height":45}},"href":"https://mma.prnewswire.com/media/2151721/Gemspring_Capital_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The acquisition includes two manufacturing plants in Houston and Beaumont, Texas, as well as a research and development facility in Akron, Ohio. Goodyear will retain its chemical facilities in Niagara Falls, New York, and Bayport, Texas, along with the rights to products produced at those locations.","length":305,"tagName":"p"},{"type":"text","content":"Headquartered in Ohio, the Polymer Chemical Business is a leading producer of synthetic rubber with a broad product portfolio serving customers across North America. The Company supports an extensive base of world-class customers, including many of the leading tire manufacturers, and delivers differentiated solutions across diverse end markets such as food, medical, sporting goods, thermoset plastics, adhesives, and packaging.","length":430,"tagName":"p"},{"type":"text","content":"Mathew Wallace, Managing Director at Gemspring, commented, "We look forward to unlocking the Company's full potential as a standalone business and supporting its next chapter of growth and innovation. We see ample opportunity to expand the Company's offering by strengthening its capabilities in synthetic rubber markets and expanding into adjacent chemical categories, both organically and...