Search
Filters

Uniroyal

The United States Rubber Company (Uniroyal) is an American manufacturer of tires and other synthetic rubber-related products, as well as variety of items for military use, such as ammunitionexplosives and operations and maintenance activities (O&MA) at the government-owned contractor-operated facilities.[1] It was founded in Naugatuck, Connecticut, in 1892. It was one of the original 12 stocks in the Dow Jones Industrial Average,[2] and became Uniroyal, Inc., as part of creating a unified brand for its products and subsidiaries in 1961. In 1990, Uniroyal was acquired by French tire maker Michelin and ceased to exist as a separate business. Today around 1,000 workers in the U.S. remain employed by Michelin to make its Uniroyal brand products. Company's long-lived advertisement slogan was "United States Tires are Good Tires."[3]

One of Uniroyal's best known tires is the Tiger Paw introduced in the 1960s and included as original equipment for that decade's muscle cars such as the Pontiac GTO, which itself was promoted as The Tiger during its early years. Today, Uniroyal still uses the Tiger Paw brand name in its tire line.

In 1985, Uniroyal was taken private by its management and the New York investment firm of Clayton & Dubilier to prevent a hostile takeover by financier Carl C. Icahn. At the time, Uniroyal was the fifth-largest tire company in the country.[16] To help pay the nearly $1 billion in debt incurred in the leveraged buyout, the company sold its Uniroyal's Chemical subsidiary to Avery Inc. – a producer of agricultural chemicals, industrial chemical additives and specialized rubber and plastic products – for $760 million in May 1986.[17]

By May 1990, Michelin Group completed its purchase of Uniroyal Goodrich Tire Company from Clayton & Dubilier of New York. The deal was valued at about US$1.5 billion.[25] B.F. Goodrich surrendered its 7% warrant to Michelin Group for US$32.5 million.[21]

 

View as
Sort by
Display per page

-

Filter by:

Clear All