AKRON — Goodyear continues to make progress on its integration of Cooper Tire & Rubber Co., while confirming the recent departure of an executive who had led the integration process.
Goodyear said customers already have a single point of contact at the combined company, and that customers can expect to do business with one operating system after the completion of its North America ERP migration, which is set to be complete on Nov. 28.
A Goodyear spokesperson said the Akron-based tire maker "is on track to realize our previously announced synergies by mid-2023. This progress has reinforced our optimism about the growth opportunities a fully combined Goodyear and Cooper company will offer our customers."
Goodyear closed the $2.5 billion cash-and-stock deal to purchase Findlay, Ohio-based Cooper on June 7, 2021. The combination brought together, at the time, the world's No. 3 tire maker, with global sales of $11.4 billion in 2020, with Cooper, the No. 13 tire maker with $2.5 billion.
Meanwhile Ryan Patterson, named chief operating and integration officer for Goodyear's Americas in October 2021, left the company, effective Oct. 31, "to pursue the next chapter in his career," the spokesperson said.