acquisition

Mitsubishi Chemical Set to Acquire PVC Compound Business From Welset Plast Extrusions

Mitsubishi Chemical Corp. announced on June 21 that it has reached an agreement with Welset Plast Extrusions Pvt. Ltd. of India to acquire the latter’s polyvinyl chloride (PVC) compound business. The business is to be handed over to Mitsubishi Chemical this autumn. With locations both in India and overseas, Welset conducts masterbatch operations – including those for PVC – in...

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Bridgestone Acquires New Jersey-Based Industrial Rubber to Expand Northeastern US Hose Operations

Bridgestone Corp. (TYO:5108) announced on June 1 the acquisition of Industrial Rubber Co. through Bridgestone HosePower LLC, a wholly owned U.S. subsidiary engaged in hose sales and services. Established in 1950 and based in the U.S. state of New Jersey with a staff of 17 employees, Industrial Rubber covers hydraulic and industrial hose sales and services in the Northeastern U.S....

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Toyoda Gosei to Acquire 100% Stake in Brazilian Automotive Parts Manufacturer

Toyoda Gosei Co. Ltd. (TYO:7282) has announced that it will acquire a 100 percent stake in Pecval Industria Ltda., a Brazilian-based manufacturer of automotive interior and exterior parts, by December 2017. Pecval is currently a joint venture between Toyoda Gosei and Shimizu Industry Co. Ltd. Now, however, the two companies have agreed that Toyoda Gosei will acquire a full ownership...

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Nitta to Acquire Toyo Tires’ Chemical and Industrial Product Business

Osaka-based Nitta Corp. (TYO:5186) recently announced that it will acquire the chemical and industrial product business of Toyo Tire and Rubber Co. Ltd. (TYO:5105), excluding the seismic isolation rubber business. Toyo Tires’ subsidiary, Toyo Chemical Industrial Products Co. Ltd., will set up a new company in which the business to be acquired by Nitta will be transferred. 100 percent of...

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Bridgestone Subsidiary Completes Acquisition of Fittings

Bridgestone HosePower LLC, an indirect U.S. subsidiary of Bridgestone Corp. (TYO:5108) handling hose sales and services, has completed its acquisition of Fittings Inc., a hydraulic hose sales and services company based in Seattle, Washington. The addition of Fittings expands Bridgestone HosePower’s presence across the U.S. to 40 locations, with one also in also in Mexico, making the company the largest...

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Bridgestone Completes Acquisition of Tire Retailer Group Ayme

Bridgestone Corp. (TYO:5108) has through its European subsidiary Bridgestone EMEA completed the acquisition of French tire retailer Groupe Ayme. The French competition authorities gave clearance and authorised the transaction without any restrictions. As a result, the Bridgestone retail network of First Stop, Speedy and Côté Route now has more than 900 points of sale. This acquisition supports the company’s retail...

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