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Japan's Sumitomo Rubber buys Dunlop trademark from Goodyear for $526 million

( January 9, 2025, 03:30 GMT | Official Statement) -- MLex Summary: Japan's Sumitomo Rubber Industries said it is acquiring the "DUNLOP" tire trademark from The Goodyear Tire & Rubber Company for $526 million. Sumitomo said the deal allows the company to to operate its four-wheel tire business under the Dunlop brand in most global regions. Sumitomo Rubber was founded in 1909 by Dunlop UK and changed its name in 1963 when Sumitomo's shares in the company exceeded half.Statement follows:...

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