If you’re wondering who owns Goodyear Tires, you’ve come to the right place. To answer your question, Goodyear Tires has been an independent company since its inception in 1889. It owns 66.87% of its shares, which is approximately 4,948,418.
But let’s not stop there. Join us as we explore Goodyear’s long company history, leadership over the years, and its top shareholders today. Let’s jump in.
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Owners of Goodyear Overtime
As with all great stories, Goodyear started from a man with a vision. Founded by Frank Seiberling in 1898, the pioneer borrowed money from his brother-in-law to realize his vision.
With that, Seiberling and his brother Charles founded The Goodyear Tire & Rubber Company, named after the inventor of rubber vulcanization Charles Goodyear.
Here are some history snippets on the brand’s ownership and highlights over the years.
- Company founded
- David Hill was named president
- Raymond Penfield named president
- Lucius Miles became the third president
- Frank Sieberling, the founder of Goodyear, became president
- Goodyear expanded into the international stage
- Frank and Charles Sieberling resigned
- Edward Milner became president
- George Stadelman was named president
- Edward Milner became chairman
- Paul Litchfield was named president after Stadelman’s death
- Paul Litchfield became chairman
- Goodyear bought Kelly-Springfield Tire Company
- Edwin Thomas became president
- Paul Litchfield named chairman and CEO
- Goodyear built fighter planes for World War II
- Edwin Thomas named CEO
- Edwin Thomas named chairman
- Russell DeYoung became president
- Goodyear Tires manufactured one billion tires.
- Russell DeYoung became chairman and CEO
- Victor Holt Jr. named president
- Charles Pilliod Jr. became president
- Charles Pilliod Jr. was named chairman of the board
- The president’s post was left to John Gerstenmaier
- John Gerstenmaier was elected vice chairman
- Robert Mercer became president
- Robert Mercer elected chairman and CEO
- Tom Barrett named president and chief operating officer (COO)
- Frank Seiberling inducted into the Tire Industry Hall of Fame.
- Goodyear purchased Long Mile Rubber Company and Min Tire Equipment Inc.
- Sir James Goldsmith, Hanson Trust, and a group of investors bought 11.5% of stocks
- Goodyear re-bought stock from Goldsmith Investment Group
- Goodyear Farms, Litchfield Park, and Westinghouse-Goodyear sold
- Hose Coupling Manufacturing Inc. sold.
- Tom Barrett became chairman
- Stanley Gault elected chairman and CEO
- Hoyt Wells became president and COO
- Sold most of its food and industrial films business
- Sold its polyester businesses
- Manufacturing began in China
- Samir Gibara became president and COO.
- Acquired a 50% stake in Sweden’s Dackia, a tire retailer.
- Purchased tire assets of Sime Darby Pilipinas in the Philippines.
- Goodyear purchased 60% of the South African tire company, Contred.
- Goodyear bought Belt Concepts of America, a lightweight conveyor belt maker
- Goodyear and Sumitomo Tires joint venture formed. Sumitomo also owned most of Dunlop Tires, which gave Goodyear exclusive rights to the Japanese brand.
- Robert Keegan became president and COO
- President Robert Keegan appointed as Goodyear CEO.
- Robert Keegan elected chairman
- Purchased Sava Tires
- Purchased South Pacific Tyres
- Engineered Products sold
- Richard Kramer named as COO.
- Richard Kramer named president and CEO,
- Goodyear dissolved joint venture with Sumitomo Rubber Industries
- Goodyear bought Ventech
- Goodyear bought Cooper Tire & Rubber Company
- The Goodyear Tire & Rubber Company – 66.87%
- Boonpermpoon Co., Ltd. – 5.66%
- Srikiri Enterprise Co. Ltd. – 2.84%
- Sri Brothers Co., Ltd. – 2.81%
- Boon Song Co., Ltd. – 1.92%
- Thai NVDR Co., Ltd. – 1.38%
- Techapaibul Co., Ltd. – 0.99%
- BNP Paribas Securities Services, London Branch64, – 0.87%
- Dararat saluk – 0.45%
- Worawat Co., Ltd. – 0.45%
Is Goodyear Still America Owned?
Yes. It’s now the only tire company in America that is still considered “American-owned” since most of its US competitors sold their shares to other foreign companies. One example is Firestone Rubber Co., which was initially founded in America, but was bought by Bridgestone in 1988.
However, Goodyear tires aren’t just manufactured in the US alone—the company has several plants in many countries, such as England, Germany, China, France, Brazil, Canada, etc. Rest assured, its corporate headquarters are still in Akron, Ohio.
As of 2022, the company itself, Goodyear Tire & Rubber Company, owned 66.87% of shares, which translated to a number of 4,948,418 shares. It was then followed by Boonpermpoon Co., Ltd with only 5.66% and Srikiri Enterprise Co. Ltd with 2.84%.
Which Companies Are Owned by Goodyear?
Across its history, Goodyear has acquired many companies, from rubber farms to tire companies. These business moves and the many tire brands owned by Goodyear catapulted the company to the top of the American tire industry.
However, its most notable acquisitions were undoubtedly its merger with Japanese tire giant Sumitomo Rubber Co. in 1999, with Dunlop Tires among its subsidiaries. This allowed the company to have rights to Dunlop tires as well.
The merger lasted for 15 years until it ended in 2015. But the company’s incredible business moves did not end there, as Goodyear recently bought Cooper Tires in 2021 for a whopping $2.5 billion dollars.
Companies such as Fulda, Sava, Debica, and Kelly Tires, are also considered under Goodyear brands.
Where are Goodyear tires made?
Although Goodyear’s originally manufactured and its company headquarters is in the U.S., its factories and facilities are scattered across many locations worldwide within many continents.
Here are some of Goodyear’s plant locations across the continents:
- United States
- South Africa
Which is Better, Michelin or Goodyear?
When it comes to business, Michelin still reigns as the largest tire manufacturer in the world. However, when it comes to tires, the answer is more complicated since it depends on what you’re looking for in a tire.
For instance, Goodyear is known for their all-terrain off-road tires, while Michelin specializes in touring and smooth long drives on highways. Regardless, both brands are among the best in the world, and their tires are always worth the investment.
For more details, learn this comparison: Michelin vs Goodyear tires.
I hope we answered your itching question on “Who owns Goodyear tires?” and more. As we’ve learned, the company’s constant evolution and adaptability allowed it to survive for over a century.
Goodyear is a great example of showing how one expert business move can turn the tides of the complex and competitive tire industry.
Read more: The Lifespan of Goodyear tires