On June 7, 2021, Goodyear Tire & Rubber Company officially completed the acquisition of Cooper Tire & Rubber Company, and finally confirmed the merger agreement announced on February 22. This acquisition will integrate the advantages of the two outstanding tire manufacturers in terms of product portfolio, service and production capacity, thereby consolidating Goodyear's leading position in the global tire industry. The combined company will provide a full range of product matrix, which is beneficial to clients and consumers, making it easier and more convenient to purchase Goodyear and Cooper brand tire products.