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AKRON When Goodyear made its initial inquiry combining the top two U.S.-based tire manufacturers, situated 132 miles apart, both with a century of history behind them executives at Cooper Tire & Rubber Co. said they felt comfortable with their company’s current trajectory.
“We were feeling quite good about the strategy and direction of the company,” Cooper CEO and President Bradley Hughes said.
Once serious talks commenced, Mr. Hughes said it became clear Goodyear’s offer to purchase Cooper for $2.5 billion in a cash and stock deal was the right one for two reasons.
“Ultimately we needed to represent our shareholders, and Goodyear, first of all, presented a very compelling offer for the company,” Mr. Hughes said, “and secondly, very compelling strategic logic . really positions the combined entity to be successful going forward.”
Goodyear-Cooper Tire deal a transactional milestone
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AKRON When Goodyear made its initial inquiry combining the top two U.S.-based tire manufacturers, situated 132 miles apart, both with a century of history behind them executives at Cooper Tire & Rubber Co. said they felt comfortable with their company s current trajectory. We were feeling quite good about the strategy and direction of the company, said Bradley Hughes, Cooper CEO and president.
Once serious talks commenced, Hughes said it became clear Goodyear s offer to purchase Cooper for $2.5 billion in a cash and stock deal was the right one for two reasons. Ultimately, we needed to represent our shareholders, and Goodyear, first of all, presented a very compelling offer for the company, Hughes said, and secondly, very compelling strategic logic . really positions the combined entity to be successful going forward.
Lima’s Crawford Shoes
By Greg Hoersten - For The Lima News
Crawford Shoes was at 138 N. Main St. in Lima and was a downtown Lima icon. This photo is from 1975.
Courtesy of Allen County Historical Society
The store, photographed in the 1960s.
Courtesy of Allen County Historical Society
Ken Crawford
Paul W. and Elizabeth Crawford, photographed in 1955.
Courtesy of Allen County Historical Society
This photo published in 1959 in the Lima Citizen was taken during the store’s 50th anniversary. From left are Clarence F. Frey Jr., Eisabelle Donnellan, Kenneth Crawford, Bart Anthony, G.E. Hefner and L.N. Pepiot.
Jack Murphy joins Akron Dispersions
Rubber & Plastics News Staff
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AKRON Jack Murphy has been appointed as the new global account manager for Akron Dispersions, the manufacturer of dispersions and emulsions said Jan. 13.
For the last six years, Murphy worked in research and development as a chemist at Kent Adhesive Products, in product development and accounting.
Akron Dispersions founded in 1958 by Al Bosshard, a chemist at Firestone Tire & Rubber Co. manufactures chemical ingredients for the polymer industry, using a variety of dry chemical processing systems.
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