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Goodyear Sells Specialty

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By: KERRY PIANOFORTE

Editor, Coatings World, Coatings World

Goodyear has sold its specialty chemical business, based in
France, and certain specialty chemical-related U.S. assets to
Littlejohn & Company, LLC, a private equity firm based in
Greenwich, CT. The sale reflects Goodyear’s long-term strategy
to sell non-core assets and reduce company debt, according
to Sam Gibara, chairman and CEO.

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