Goodyear sells Wingtack business to Sartomer.
Goodyear Tire & Rubber, Akron, OH, has agreed to sell its
Wingtack adhesives resins business to Sartomer, a unit of the French
energy firm Total S.A., pending government and regulatory approvals.
Goodyear will receive approximately $65 million for the business, which
includes a manufacturing operation in Beaumont, TX. The operation is
adjacent to Goodyear's synthetic rubber production facility there,
which will continue to supply raw materials for Wingtack production.
Goodyear's adhesives resins business produces Wingtack brand
hydrocarbon resins that are used in a variety of pressure-sensitive and
hot melt applications. The business has approximately 115 associates.