<ul><li>Gemspring Capital Management is set to acquire Goodyear Chemical, the polymer chemicals division of Goodyear Tire & Rubber Company, for $650 million in cash.</li><li>Goodyear Chemical produces synthetic rubber and polymer-based chemical products used in various industries such as tire manufacturing, medical devices, adhesives, and more.</li><li>The acquisition includes operating plants in Texas and a research center in Ohio, with Goodyear Chemical reported to have had annual sales of around $1 billion.</li><li>Gemspring plans to position Goodyear Chemical for growth and innovation, with an expected CEO transition and focus on product development and global expansion.</li></ul>

Gemspring Carves Out Goodyear Chemical for $650 Million

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