Yokohama to acquire the Off-the-Road tire business of The Goodyear Tire & Rubber Company for $905m.

Yokohama, a Japanese manufacturing company based in Hiratsuka, Japan, agreed to acquire the Off-the-Road tire business of The Goodyear Tire & Rubber Company, one of the world's largest tire companies, for $905m. "The sale of the OTR business marks an important milestone as we continue to execute against our Goodyear Forward transformation plan. We are grateful to our OTR colleagues who have driven the success of the business and are committed to working closely with Yokohama to ensure a smooth transition for customers and associates," Mark Stewart, Goodyear CEO and President.