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Goodyear to sell Engineered Products business to Carlyle for $1.5bn26/03/2007. Source: AltAssets. 
 The Goodyear Tire & Rubber Company, a large manufacturer of tyres, engineered rubber products and chemicals, has agreed to sell substantially all of its Engineered Products business to EPD, an entity sponsored by Carlyle Partners IV, for $1.475bn.
As part of the transaction, Goodyear has agreed to a trademark licensing agreement with EPD to use the Goodyear brand and some other trademarks in connection with the Engineered Products business.
Goodyear Engineered Products manufactures and markets engineered rubber products for industrial, military, consumer and transportation original equipment end-users. The product portfolio of the business includes hose, conveyor belts, power transmission products, rubber track, and air springs. In 2006 Engineered Products had sales of approximately $1.5bn. The business operates 32 facilities in 12 countries and has approximately 6,500 associates.
Carlyle has $54.5bn under management. The Group's portfolio companies employ more than 200,000 people around the world.
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