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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.
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Title Annotation:Acquisitions, expansions
Publication:Rubber World
Geographic Code:1USA
Date:Jul 1, 2005
Words:96
Previous Article:The $30,000 tire.
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