The Goodyear Tire & Rubber Co has announced an expansion of its presence in the trucking industry through a joint venture agreement with Treadco Inc.
An agreement was concluded between Goodyear and Treadco to combine their respective commercial tire service centers in a new joint venture company, Wingfoot Commercial Tire Systems LLC. Goodyear says this creates the world's largest network of commercial tire service outlets and truck tire retreading facilities. Goodyear will have 60% ownership interest and Treadco 40% in the joint venture.