UPDATE 1-Carlyle to buy Goodyear engineered products unit

Newswire

(Adds details from release, background) CHICAGO, March 23 (Reuters) - Goodyear Tire & Rubber Co. said on Friday it plans to sell its engineered products unit to private equity firm Carlyle Group for $1.475 billion under a multiyear program to focus on its tire business. The sale to EPD Inc., an entity sponsored by Carlyle Partners IV LP, is subject to regulatory approvals, Caryle reaching a labor agreement with the United Steelworkers and other conditions, Goodyear said. Goodyear, ...

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