This website uses cookies. For more information please contact us or consult our privacy policy.

Your binder contains too many pages, the maximum is 40.

We are unable to add this page to your binder, please try again later.

This page has been added to your binder.

Covington Advises Goodyear in $1.475 Billion Transaction


NEW YORK, NY, August 1, 2007 — The Goodyear Tire & Rubber Company and The Carlyle Group announced today that The Carlyle Group has completed its acquisition of Goodyear’s engineered products division for $1.475 billion. Covington & Burling LLP advised Goodyear in the transaction, which was announced on March 23, 2007.

Goodyear is the world's largest tire company and manufactures and markets tires for most applications. The engineered products division, now called Veyance Technologies, Inc., manufactures and sells Goodyear branded industrial power transmission products; heavy-duty and lightweight conveyor belts; hydraulics; rubber track; and automotive and heavy-duty truck belts, hose, tensioners and air springs. The Carlyle Group is a private global investment firm.

The Covington corporate team, based in New York, included partner J. D. Weinberg and associate Jonas Marson. Attorneys from Thompson Hine also advised Goodyear.

Share this article: