M&A

Bridgestone to Sell off Chinese Synthetic Rubber Subsidiary by Mid-December

Bridgestone Corp. (TYO:5108) announced on June 15 that it will be selling off all of its shares in Bridgestone (Huizhou) Synthetic Rubber Co. Ltd. (BSRC), a Chinese group company that manufactures and sells synthetic rubber for use in automotive tires. These shares will be sold to LCY Chemical Corp., which runs global operations for materials and chemicals. Located in Huizhou,...

Please subscribe to read the full story.

[lwa template="modal" register="0"]Subscribe

Continue Reading

Goodyear Completes Acquisition of Cooper

Goodyear Tire & Rubber Co. recently announced that it has completed its acquisition of Cooper Tire & Rubber Co., fulfilling an agreement first announced on Feb. 22. The acquisition will combine Goodyear’s strengths in OE tires and high-quality replacement tires with Cooper’s excellent product lineup in the pickup truck and SUV segment. As a result, the move is set to...

Please subscribe to read the full story.

[lwa template="modal" register="0"]Subscribe

Continue Reading

Trinseo Agrees to Sell Synthetic Rubber Business to Poland’s Synthos

Trinseo SA, a manufacturer of plastics, latex binders and synthetic rubber, has announced a definitive agreement to sell its synthetic rubber business to Polish company Synthos SA. Based in Schkopau, Germany, Trinseo’s synthetic rubber business has been valued at approximately $491 million. After subtracting pension liabilities, transaction-related costs and taxes, the net cash proceeds from the sale are expected to...

Please subscribe to read the full story.

[lwa template="modal" register="0"]Subscribe

Continue Reading

Yokohama Rubber to Acquire Polish Tire Distributor

Yokohama Rubber Co. Ltd.’s (TYO:5101) European headquarters, Yokohama Europe GmbH, has concluded a contract to acquire all shares of ITR CEE Spolka z.o.o., a wholesale distributor engaged in the import and sale of Yokohama tires in central and eastern Europe. Once the transfer of shares is complete, the Polish company’s name will be changed to Yokohama CEE Społka z.o.o. Yokohama...

Please subscribe to read the full story.

[lwa template="modal" register="0"]Subscribe

Continue Reading

JSR to Complete 115B Yen Transfer of Elastomers Business to Eneos in April 2022

Leading synthetic rubber manufacturer JSR Corp. (TYO:4185) has announced plans to transfer its elastomers business to Eneos Corp. Due to be completed on April 1, 2022, the deal here will be based on a valuation of 115 billion yen ($1.05 billion). Commenting on the deal, JSR CEO Eric Johnson acknowledged that elastomers have been a core business for JSR since...

Please subscribe to read the full story.

[lwa template="modal" register="0"]Subscribe

Continue Reading

Yokohama Rubber Lines up Hamatite Business Transfer to Sika Group

Yokohama Rubber Co. Ltd. (TYO:5101) recently announced that it will transfer the company’s Hamatite business to Sika AG, a Swiss-based specialty chemicals company. The transfer is scheduled to take place on Nov. 1, with the cost of the acquisition still under discussion. Included in the transfer are the Hamatite businesses operated by Yokohama Rubber, with these being Yokohama Industrial Products...

Please subscribe to read the full story.

[lwa template="modal" register="0"]Subscribe

Continue Reading