Goodyear Acquires Cooper in All-American Tire Deal

The Goodyear trademark sits on top of the Goodyear Hall building across the street from the Goodyear Tire and Rubber Co.'s corporate headquarters in Akron, Ohio, on Oct. 6, 2006. J.D. Pooley/Getty Images

Two of the biggest remaining American tire companies are joining forces.

Goodyear Tire & Rubber Co. is acquiring Cooper in a deal with an equity value of $2.8 billion that will combine the two century-old Ohio manufacturers.