Goodyear sells certain Akron properties

Order Reprints

Goodyear Tire & Rubber Co. has finalized the sale of certain Akron, Ohio, properties to Industrial Reality Group (IRG) as the first step in finalizing its plans for development of a new global headquarters in "The Rubber City."

Goodyear has signed a multi-year lease agreement with IRG and as part of that agreement will remain in existing buildings until its new headquarters is completed.

The tiremaker will record a non-cash, after-tax charge of $40 million to $45 million during the second quarter of 2009 in connection with the property sales.

Goodyear officials report that "a number of long-lead projects related to the development have already begun and will be moving forward."



Related Articles

Goodyear recalls 'certain' Dunlop trailer tires

Goodyear brings new CIO McKinnon to Akron

Goodyear to reduce Akron plant staffing

You must login or register in order to post a comment.