CHARLOTTE, N.C. (AP) — Fifteen years after exiting the tire business, the BFGoodrich Co. plans to change its name and logo to signify its focus on the aerospace industry.
BFGoodrich said Monday it will seek shareholder approval on April 17 to change its legal name to Goodrich Corp. The new name and logo will become effective on June 1.
The 130-year-old company, founded by Benjamin Franklin Goodrich and once one of the world's largest manufacturer of rubber products, left the tire industry in 1986. Michelin bought the company's tire business and the BFGoodrich tire brand.
About 84 percent of the company's $4.4 billion in annual revenues now comes from the aerospace industry, compared to 7 percent in 1985.
Goodrich chairman and chief executive David Burner said the changes will allow the company to distance itself from its former tire business and reflect its focus on manufacturing aerospace components, systems and services.
The company employs 23,000 people worldwide.