M&A

Bridgestone Turns UK Tire Company ETB Into Wholly Owned Subsidiary in New Acquisition

Bridgestone Corp. (TYO:5108) recently announced that it has acquired a 100 percent share in the ETB Group, which sells car tires and provides other automotive services across the southwest of the U.K. The share acquisition for this was completed by Bridgestone’s European arm on Sept. 6. The companies have not yet disclosed the amount paid. Looking toward a stronger European...

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Lanxess Agrees to Sell 50% Stake in Arlanxeo to JV Partner Saudi Aramco

Lanxess AG recently announced that it signed an agreement on Aug. 8 to sell its 50 percent stake in Arlanxeo, a manufacturer of synthetic rubber, to state-owned Saudi Arabian Oil Co. The German-based specialty chemicals manufacturer first established Arlanxeo in 2016 as a 50–50 joint venture with the Saudi firm, which is also known as Saudi Aramco. The sale is...

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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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Denka Set to Fully Consolidate Industrial Rubber Manufacturer CRK

Denka Co. Ltd. (TYO:4061), a manufacturer of products including chloroprene rubber, has recently announced that it will raise its stake in CRK Co. Ltd. from 53 percent to 100 percent. CRK is engaged in the manufacturing, processing and sale of industrial rubber products. The move is intended to strengthen synergies between Denka’s materials development and CRK’s product development, as well...

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Rubber Seal Maker TPR Set to Acquire Nobukawa

TPR Co. Ltd. (TYO:6463), a producer of piston rings, cylinder liners and other key components for internal combustion engines, recently announced that it will acquire carbon masterbatch maker Nobukawa Co. Ltd. as a wholly owned subsidiary on Dec. 13. The move is part of an overall plan by TPR to diversify its operations by moving into the manufacturing and marketing...

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