AKRON, Ohio – The Good- year Tire & Rubber Company announced recently that it is expanding its company owned presence in the Midwest by purchasing Raben Tire Company.
The purchase advances Goodyear’s Connected Business Model and enables Goodyear’s ability to win and grow in the rapidly changing tire business by making it easier for consumers and fleets to buy and recommend Goodyear tires.
Founded in 1952 and headquartered in Evansville, Ind., Raben is one of the largest tire and service companies in the Midwest and has vast operations that include over 30 commercial and consumer tire and service locations and retread production plants.
“The addition of Raben further expands our network and strengthens Goodyear’s ability to serve f leets,” said Dave Beasley, vice president, Goodyear North America Commercial. “Goodyear is already one of the world’s largest operators of commercial truck service and retreading centers and has nearly 800 company-owned commercial and retail tire and auto service centers across the U.S. and Canada.”
Raben offers a diverse portfolio of commercial and consumer products. With its full suite of mechanical and tire services and a dedicated team of commercial vehicle technicians, Raben has serviced thousands of customers annually.
Raben has been owned by affiliates of Palladium Equity Partners, LLC (collectively, “Palladium”), a middle market private equity firm with approximately $3 billion in assets under management, since 2014.
Goodyear is one of the world’s largest tire companies. It employs about 64,000 people and manufactures its products in 47 facilities in 21 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry.
For more information about Goodyear and its products, go to www.goodyear.com/ corporate.