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Goodyear Completes Sale of Wingtack Adhesives Resins Business

Published on 2005-09-02. Author : SpecialChem

AKRON, Ohio -- The Goodyear Tire & Rubber Company announced that it has completed the previously announced sale of its Wingtack adhesives resins business to Sartomer Company Inc., a unit of the French energy firm Total S.A.

The business includes a manufacturing operation in Beaumont, Texas. The operation is adjacent to Goodyear's synthetic rubber production facility there, which will continue to supply raw materials for Wingtack production.

The Wingtack adhesives resins business produces hydrocarbon resins that are used in a variety of pressure-sensitive and hot melt applications. It has approximately 115 associates.

Goodyear is the world's largest tire company. The company manufactures tires, engineered rubber products and chemicals in more than 90 facilities in 28 countries around the world. Goodyear employs approximately 75,000 people worldwide.

Certain information contained in this press release may constitute forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various factors, including those discussed in the company's Form 10-K for the year ended Dec. 31, 2004 and Form 10-Q for the quarter ended June 30, 2005, which are on file with the Securities and Exchange Commission. In addition, any forward-looking statements represent our estimates only as of today and should not be relied upon as representing our estimates as of any subsequent date. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if our estimates change.

Source: Goodyear

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