Business
Gemspring Capital to Acquire Goodyear Chemical
Gemspring Capital Management, LLC ("Gemspring"), a middle-market private equity firm, is pleased to announce that an affiliate has entered into a definitive agreement to acquire The Goodyear Tire & Rubber Company's (NASDAQ: GT) ("Goodyear" or the "Company") polymer chemicals business ("Goodyear Chemical" or the "Business"). The acquisition includes two operating plants located in Houston and Beaumont, Texas, and a research and development facility located in Akron, Ohio. Goodyear will retain its
About this update from The Goodyear Tire & Rubber Company
[{"type":"text","content":"WESTPORT, Conn., May 22, 2025 /PRNewswire/ -- Gemspring Capital Management, LLC ("Gemspring"), a middle-market private equity firm, is pleased to announce that an affiliate has entered into a definitive agreement to acquire The Goodyear Tire & Rubber Company's (NASDAQ: GT) ("Goodyear" or the "Company") polymer chemicals business ("Goodyear Chemical" or the "Business"). The acquisition includes two operating plants located in Houston and Beaumont, Texas, and a research and development facility located in Akron, Ohio. Goodyear will retain its Chemical facilities in Niagara Falls, New York, and Bayport, Texas, and its rights to the products produced at such facilities.","length":732,"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":"Goodyear Chemical, headquartered in Akron, Ohio, is a leading producer of synthetic rubber, offering a broad product portfolio in North America. The Business serves a broad array of world-class customers, including many of the world's leading tire manufacturers. Beyond tires, Goodyear Chemical's products deliver differentiated solutions across a diverse set of end markets, such as food, medical, sporting goods, thermoset plastics, adhesives, packaging, and many other consumer and industrial applications.","length":522,"tagName":"p"},{"type":"text","content":"Mathew Wallace, Managing Director at Gemspring, remarked: "We look forward to unlocking the full potential of Goodyear Chemical as a standalone business and supporting its next chapter of growth and innovation. Goodyear Chemical is an industry leader, underpinned by deep customer relationships, a mission-critical product portfolio, a...