Goodyear Tire & Rubber, Akron, OH, plans to acquire the remainder of Sava Tires d.o.o., a joint venture tire manufacturing company in Kranj, Slovenia.

Goodyear Tire & Rubber, Akron Akron (ăk`rən), city (1990 pop. 223,019), seat of Summit co., NE Ohio, on the Little Cuyahoga River; inc. 1865. Once the heart of the nation's rubber industry, Akron still contains the headquarters of some rubber corporations and chemical and , OH, plans to acquire the remainder of Sava Tires d.o D.O.,
n See Doctor of Osteopathy (or Osteopathic Medicine). .o., a joint venture tire manufacturing company in Kranj Kranj (helpinfo) (German: Krainburg) is a municipality and the third largest city in Slovenia with a population of 53,000 (2007), located approximately 20km north-west of Ljubljana. , Slovenia. Goodyear will exercise its call option and purchase the remaining 20% of Sava Tires owned by Slovenia's Sava d.d. for approximately $52 million. The transaction is expected to be completed in June. Goodyear's stake in Sava Tires is held by its 75%-owned Goodyear Dunlop Tires Europe affiliate.

COPYRIGHT 2004 Lippincott & Peto, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.

Reader Opinion

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:	Acquisitions, Expansions
Publication:	Rubber World
Date:	Apr 1, 2004
Words:	74
Previous Article:	Degussa AG's Coatings & Colorants Business Unit.(Acquisitions, Expansions)
Next Article:	Premier Material Concepts.(Acquisitions, Expansions)

Related Articles
Goodyear Tire & Rubber builds Brazilian tire plant.(Brief Article)
DSM.(Rubbermaid to purchase plastic consumer products division)(Brief Article)
Vredestein Rubber Recycling BV.(negotiating acquisition of Jakobs Rubber Recycling NV)(Brief Article)
Degussa AG.(research venture with Pulverkautschuk Union GmbH)(Brief Article)
Goodyear Tire & Rubber. (joint venture with Sava Group, Slovenia)(Brief Article)
Goodyear and Sumitomo form global alliance.
Goodyear enters into joint venture with Treadco.
Goodyear doubles tread production capability in GA. (Acquisitions, Expansions).(Brief Article)
Goodyear Tire & Rubber, Akron, OH, as part of its ongoing plan to enhance its financial flexibility, has reduced its ownership stake in Japan's...
Goodyear Tire & Rubber, Akron, OH, has completed its previously announced acquisition of the remainder of Sava Tires d.o.o., a tire manufacturing...