Industry News

Goodyear Sells Specialty Chemical Business to Littlejohn & Company

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Goodyear announced Dec. 28 that it 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 in Greenwich, CT.      The sale reflects Goodyear’s long-term strategy to sell non-core assets and reduce company debt, according to Sam Gibara, Goodyear’s chairman and CEO.      “We were very successful growing the specialty chemical business,” said Mr. Gibara, “and although it continues to be...

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