company by Michelin Group.

Michelin Group

By May 1990, Michelin Group completed its purchase of Uniroyal Goodrich Tire Company from Clayton & Dubilier of New York. The deal was valued at about US$1.5 billion. B.F. Goodrich surrendered its 7% warrant to Michelin Group for US$32.5 million.

With the sale, B.F. Goodrich then exited the tire business and became the Goodrich Corporation to focus on building its chemicals and aerospace businesses through reinvestment and acquisitions. Michelin Group continued to operate the

1.Previous
3.Next