Goodyear explores sale of Engineered Products business

Akron, Ohio –Goodyear is looking into the possible sale of the company’s Engineered Products business because it’s considered a non-core operation by the company.

Goodyear’s Engineered Products division makes airsprings, Industrial hose, hydraulic products, conveyor belts, power transmission belts and vibration control goods.

The tyre maker “will consider the sale of the business to a buyer that will recognise the considerable value of the business and its associates while maintaining Goodyear’s level of service to customers,” Robert Keegan, Goodyear chairman and CEO, said in a prepared statement.

The…

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