Goodyear Tire & Rubber Company has agreed to sell the majority of its chemical business to private equity firm Gemspring Capital Management for approximately USD 650 million in cash.

The transaction, part of Goodyear's strategic transformation plan, includes facilities in Houston and Beaumont, Texas, along with a research office in Akron, Ohio. The deal is expected to close by late 2025, subject to regulatory approval and other customary conditions.

Goodyear Chemical produces synthetic rubber and serves the automotive aftermarket, consumer and industrial sectors across North America. The business has been under strategic review as part of the company's broader Goodyear Forward transformation initiative.

"With the sale of our chemical business, we continue to demonstrate our commitment to optimising our portfolio and creating shareholder value," said Mark Stewart, Goodyear's chief executive and president. "We are grateful to our Goodyear Chemical associates who have driven the success of this business. We will work closely with Gemspring to help ensure a smooth transition for our associates, customers and suppliers."

Mathew Wallace, Managing Director, Gemspring, remarked: "We look forward to unlocking the full potential of Goodyear Chemical as a standalone business and supporting its next chapter of growth and innovation. Goodyear Chemical is an industry leader, underpinned by deep customer relationships, a mission-critical product portfolio, a track record of innovation, and incredibly talented employees. We are grateful to the Goodyear team who have driven the success of the business to date and are committed to working closely with Goodyear to ensure a smooth transition for associates, customers, and suppliers."

Tesham Gor, a Gemspring Executive Advisor who is expected to become Chief Executive Officer of the Business, added, "We are excited to advance Goodyear Chemical's industry positioning by leveraging our strategic, financial, and industry expertise to continue delivering world-class elastomer technologies and engineered solutions to our customers. As a standalone entity, the Business will be well positioned to accelerate product development, expand its relationships with existing and new customers globally, deliver sustainable solutions, continue to invest in its people, and drive growth and innovation through commercial, technical, and operational excellence."

The deal includes a long-term supply agreement between the two companies, though specific terms were not disclosed. Goodyear plans to use proceeds from the sale to reduce debt and fund initiatives related to its transformation plan.

The Akron, Ohio-based company will retain chemical facilities in Niagara Falls, New York, and Bayport, Texas, maintaining rights to products manufactured at those locations.

Lazard served as lead financial adviser to Goodyear, with Deutsche Bank acting as financial adviser and Squire Patton Boggs providing legal counsel.

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Tyre Runner has added Tyres Life to its marketplace network, expanding its wholesale offering for independent tyre retailers.

The partnership brings one of the UK’s fastest-growing tyre wholesalers onto Tyre Runner’s platform, which is designed to connect retailers with suppliers while allowing retailers to retain control over pricing and purchasing decisions.

Tyre Runner said the move comes as independent retailers face continued margin pressure and are seeking greater flexibility in how they source tyres. The company’s marketplace enables wholesale ordering from multiple suppliers through a single platform.

Tyres Life has established nationwide coverage from three warehouse locations and holds more than 100,000 tyres in stock. The company is the exclusive UK distributor of Lassa, Tomket and Waterfall, and also supplies brands including Pirelli, Continental, Goodyear and Michelin.

Founded in 2019 by Bryan MacMillan, a former Kwik Fit software engineer, Tyre Runner has developed from a tyre sales marketplace into a broader software platform focused on tyre health awareness, supply chain connectivity and digital tools for the tyre trade.

Bryan MacMillan, chief executive of Tyre Runner, said: “We’re delighted to add Tyres Life to our growing list of wholesale partners. This partnership exemplifies how our sales platform can connect high-quality wholesalers with independent retailers, helping both grow stronger together.

“The tyre market remains digitally immature, and to compete in an increasingly omnichannel world, online is just one part of the puzzle. Our mission has always been to empower the trade, not compete against it. That’s why we are focused on bringing a range of tools to market to help retailers compete better, not just online, but offline as well.”

Tommie Owens, commercial director at Tyres Life, said: “Tyre Runner opens reach like never before. Bryan and his team have a very clear vision for what the future of tyre retail will look like, and we’re excited to see Tyres Life’s products access even more markets efficiently.”

Tyre Runner said the addition of Tyres Life strengthens its marketplace model, which aims to streamline wholesale access while preserving retailer margins. The company added that the partnership aligns both businesses around shared priorities of efficiency, profitability and safety across the tyre supply chain.

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CarbonX has appointed Rohan Patel to its Advisory Board, gaining a distinguished strategist at a crucial phase of the company’s growth in sustainable battery materials. His profound understanding of regulatory frameworks and supply-chain strategy will directly support CarbonX’s collaborations with major cell manufacturers and its expansion of local, scalable production.

Patel’s career spans top-tier leadership in industry and government. He previously served as Vice President of global public policy and business development at Tesla, where he was part of the executive leadership team. Prior to his work in the private sector, he was a special assistant to the President and a senior advisor for climate and energy during the Obama Administration, shaping pivotal transportation and power sector policies while coordinating with state and local officials. His earlier contributions include roles at the White House Council on Environmental Quality and staff positions for political campaigns and elected officials.

Currently residing in Kensington, Maryland, Patel consults for global companies and nonprofits dedicated to decarbonisation. His appointment equips CarbonX with essential guidance for navigating complex policy landscapes and strengthening value chains in both the United States and European markets.

Rutger van Raalten, CEO, CarbonX, said, “With Patel’s extensive experience in global policy and deep understanding of Electric Vehicle and US regulatory landscapes, his guidance will be invaluable as we establish ourselves as a supplier of quality materials into US Giga factories and navigate US policy, battery-manufacturing regulations and emerging tariff frameworks.”

Patel said, “The team is strong, the technology is proven, US capacity is established and Tier-1 cell manufacturers in the US are taking notice. CarbonX’s disruptive supply-chain solution arrives at exactly the right time. Strengthening domestic supply chains for critical battery materials is essential, and I am pleased to support CarbonX’s mission to deliver local, scalable and sustainable solutions.”

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The Goodyear Tire & Rubber Company has appointed David Cichocki to the dual role of Managing Director for the Americas and Chief Sales Officer for the Americas Consumer business, effective 19 January 2026. He will report directly to CEO and President Mark Stewart. In these positions, Cichocki is tasked with enhancing sales execution and driving profitable growth for the consumer division across the region. His broader regional leadership duties will focus on strategic governance, operational excellence and ensuring financial performance aligns with Goodyear's global objectives.

Cichocki joins Goodyear with over 30 years of commercial expertise from prominent consumer and industrial brands. He previously served as Senior Vice President of US Sales at Whirlpool Corporation, where he managed a multi-billion dollar North American consumer business spanning several key sales channels. Prior to that, he held numerous senior roles during a more than 20-year tenure with Kraft Foods and Nabisco.

Mark Stewart, CEO and President, said, "Throughout his career, David has built high-performing teams and delivered strong, sustainable results through customer-centric, brand-driven strategies. His experience leading large organisations through transformation – including simplifying portfolios, modernising go-to-market models and designing sales strategies for profitable growth – closely aligns with the changes we are making at Goodyear to drive long-term success for our company and our customers."

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Marangoni has reinforced its OTR division as of January 2026 with the key hires of Eduard Mundt and Dominik Hörmann. Mundt will apply his extensive technical knowledge and industry experience to serve and build partnerships with OTR customers across Southern Germany. Hörmann, an expert in both OTR and TBR segments with specialised retreading knowledge, will oversee operations in Northern, Central and Western Germany, supporting the core OTR business and segments of the TBR market.

This strategic expansion underscores the company’s commitment to deepening its local engagement with both dealers and end users. By enhancing direct customer relationships and fortifying its regional footprint, Marangoni aims to solidify and sustainably grow its standing in the market.

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