Advertisement
YOU ARE HERE: LAT HomeCollectionsUniroyal Goodrich Tire Co
IN THE NEWS

Uniroyal Goodrich Tire Co

FEATURED ARTICLES
BUSINESS
January 6, 1992 | From Times Staff and Wire Reports
Uniroyal Accused of Fraud: A union representing workers at a tire plant set to close later this year accused Uniroyal Goodrich Tire Co. of fraud in a multimillion-dollar lawsuit filed in Wisconsin. The United Rubber Workers local for the Eau Claire, Wis., plant filed the suit in U.S. District Court in Madison. It seeks $145 million in damages plus triple the amount of actual damages allowed under a federal racketeering law.
ARTICLES BY DATE
BUSINESS
January 6, 1992 | From Times Staff and Wire Reports
Uniroyal Accused of Fraud: A union representing workers at a tire plant set to close later this year accused Uniroyal Goodrich Tire Co. of fraud in a multimillion-dollar lawsuit filed in Wisconsin. The United Rubber Workers local for the Eau Claire, Wis., plant filed the suit in U.S. District Court in Madison. It seeks $145 million in damages plus triple the amount of actual damages allowed under a federal racketeering law.
Advertisement
BUSINESS
December 23, 1987 | Associated Press
B. F. Goodrich Co. said Tuesday that it plans to sell its 50% interest in Uniroyal Goodrich Tire Co. to an investor group for more than $225 million in cash plus warrants. The tire operation is being acquired by Clayton & Dubilier Inc., the New York-based investment firm that took Uniroyal Inc. private in 1985 after an unsuccessful takeover attempt by corporate raider Carl C. Icahn.
BUSINESS
September 23, 1989 | NANCY RIVERA BROOKS, Times Staff Writer
Michelin Group said Friday that it agreed to buy Uniroyal Goodrich Tire Co. for $1.5 billion, including the assumption of $810 million in debt. The deal brings still more consolidation to the increasingly competitive tire industry in a move that will leave Goodyear Tire & Rubber as the only major U.S.-owned tire maker. The purchase hands Michelin a bigger piece of the lucrative U.S.
BUSINESS
August 4, 1986
The two tire companies made formal a previous agreement to merge their tire operations in a joint venture that would rival Firestone Tire & Rubber as the nation's second-largest tire maker. The new company, Uniroyal Goodrich Tire Co., is equally owned by Middlebury, Conn.-based Uniroyal and Goodrich, and will have its headquarters in Akron, Ohio, with original equipment management based in Troy, Mich. Plans for the joint venture were announced in January.
NEWS
January 28, 1986 | Associated Press
B. F. Goodrich Co., the nation's third-largest tire maker, and No. 5 Uniroyal Inc. announced today they have agreed to combine their tire businesses into a joint venture that they will own equally. The combination, which will have $2 billion in sales, will be the second-largest producer of automobile and light truck tires in North America, the companies said in a statement made available here. Goodyear Tire & Rubber Co. is the biggest tire maker and Firestone Tire & Rubber Co.
BUSINESS
September 23, 1989 | JAMES FLANIGAN, Times Staff Writer
What does it mean that Michelin Group of France is buying Uniroyal Goodrich and becoming the largest tire company in the world and a stronger force in the U.S. market? The stock market decided Friday that it wasn't so good for Goodyear. The stock of the last remaining U.S.-owned major tire maker fell $1.25, to $53.625 a share, on news of the Michelin deal.
BUSINESS
November 4, 1989
I find it highly amusing that the few quaint liberals remaining in the United States are suffering acute dyspepsia over Ronald Reagan's $2-million fee from a Japanese corporation. I believe that either liberals are revealing the socialist underpinnings of their ossified philosophy, or they are just straight out envious and covetous (please see: Ten Commendments).
BUSINESS
September 23, 1989 | JAMES FLANIGAN, Times Staff Writer
What does it mean that Michelin Group of France is buying Uniroyal Goodrich and becoming the largest tire company in the world and a stronger force in the U.S. market? The stock market decided Friday that it wasn't so good for Goodyear. The stock of the last remaining U.S.-owned major tire maker fell $1.25, to $53.625 a share, on news of the Michelin deal.
BUSINESS
September 23, 1989 | NANCY RIVERA BROOKS, Times Staff Writer
Michelin Group said Friday that it agreed to buy Uniroyal Goodrich Tire Co. for $1.5 billion, including the assumption of $810 million in debt. The deal brings still more consolidation to the increasingly competitive tire industry in a move that will leave Goodyear Tire & Rubber as the only major U.S.-owned tire maker. The purchase hands Michelin a bigger piece of the lucrative U.S.
BUSINESS
December 23, 1987 | Associated Press
B. F. Goodrich Co. said Tuesday that it plans to sell its 50% interest in Uniroyal Goodrich Tire Co. to an investor group for more than $225 million in cash plus warrants. The tire operation is being acquired by Clayton & Dubilier Inc., the New York-based investment firm that took Uniroyal Inc. private in 1985 after an unsuccessful takeover attempt by corporate raider Carl C. Icahn.
BUSINESS
August 4, 1986
The two tire companies made formal a previous agreement to merge their tire operations in a joint venture that would rival Firestone Tire & Rubber as the nation's second-largest tire maker. The new company, Uniroyal Goodrich Tire Co., is equally owned by Middlebury, Conn.-based Uniroyal and Goodrich, and will have its headquarters in Akron, Ohio, with original equipment management based in Troy, Mich. Plans for the joint venture were announced in January.
BUSINESS
November 4, 1989
I find it highly amusing that the few quaint liberals remaining in the United States are suffering acute dyspepsia over Ronald Reagan's $2-million fee from a Japanese corporation. I believe that either liberals are revealing the socialist underpinnings of their ossified philosophy, or they are just straight out envious and covetous (please see: Ten Commendments).
NEWS
September 7, 1991
Martin H. Dubilier, 65, chairman and co-founder of the investment firm Clayton & Dubilier. An inventor as well as an investor, Dubilier invented a rust-resistant toy train track as a child and sold it to Lionel. As a teen-ager he also invented a low-voltage flash bulb that made battery packs unnecessary. He formed his investment firm with L. E. Clayton in 1976 and two years later turned to leveraged buyouts of troubled companies.
NEWS
January 28, 1986 | Associated Press
B. F. Goodrich Co., the nation's third-largest tire maker, and No. 5 Uniroyal Inc. announced today they have agreed to combine their tire businesses into a joint venture that they will own equally. The combination, which will have $2 billion in sales, will be the second-largest producer of automobile and light truck tires in North America, the companies said in a statement made available here. Goodyear Tire & Rubber Co. is the biggest tire maker and Firestone Tire & Rubber Co.
Los Angeles Times Articles
|