Goodyear completes Sava acquisition

By Patrick Raleigh, ERJ On-line news editor

Akron, Ohio- Goodyear Tire & Rubber Co. is now the sole owner of Sava Tires d.o.o., having acquired Sava dd’s remaining 20-percent in the Kranj, Slovenia-based tyre maker, Goodyear has announced.

The $52-million acquisition, strengthens Goodyear’s position as the No. 2 tyre maker in Europe and enhances its low-cost sourcing capabilities, claimed Robert Keegan, Goodyear’s chairman and CEO.

Sava Tires exports more than 80 percent of its production, mainly to other European countries and is “playing an important role…

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