Gemspring Capital Management, a middle-market private equity firm, announced that an affiliate has completed the acquisition of The Goodyear Tire & Rubber Company’s polymer chemicals business (the “Polymer Chemical Business” or the “Company”).
The deal includes two manufacturing plants in Houston and Beaumont, Texas. It also covers a research and development center in Akron, Ohio. Goodyear will retain its chemical plants in Niagara Falls, New York, and Bayport, Texas. It will also retain the rights to the products made at these sites.
A Market Leader in Synthetic Rubber and Specialty Polymers
Headquartered in Ohio, the Polymer Chemical Business is a leading producer of synthetic rubber and specialty polymer products serving a diverse customer base across North America. The Company supplies world-class manufacturers, including many of the leading tire producers, and provides differentiated materials for a range of end markets such as food, medical, sporting goods, thermoset plastics, adhesives, and packaging.
Strategic Partnership to Drive Growth and Diversification
“We look forward to unlocking the Company’s full potential as a standalone business and supporting its next chapter of growth and innovation,” said Mathew Wallace, Managing Director at Gemspring. “We see ample opportunity to expand the Company’s offering by strengthening its capabilities in synthetic rubber markets and expanding into adjacent chemical categories, both organically and through strategic acquisitions. These opportunities will be made possible by the Company’s talented employees, strong customer relationships, and dedicated suppliers.”
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Gemspring’s investment will help the Polymer Chemical Business. It will improve manufacturing efficiency, boost product innovation, and expand market reach. This builds on its strong reputation as a trusted partner in advanced materials.
Leadership Committed to Innovation and Excellence
“Today marks the beginning of an exciting new chapter for an organization poised to deliver tremendous value to its current and future customers,” said Tesham Gor, a Gemspring Executive Advisor and incoming Chief Executive Officer. “Our team is unified in its commitment to invest in our people, safety, product development, sustainability, and operational excellence. We will continue to push the boundaries of innovation to redefine what’s possible in polymers and materials science.”