Bridgestone said Tuesday it will sell Mexico Carbon Manufacturing to Cabot of the United States for about $70 million as part of the Japanese tire-maker¡¯s efforts to restructure its carbon black business.
The deal is expected to close within three to six months, pending regulatory approval in Mexico. The impact of the sale on Bridgestone¡¯s financial forecast for this year is minimal, the company said.
In July, Bridgestone announced the sale of its carbon black operations in Thailand to Japan¡¯s Tokai Carbon.
Asahi Carbon, based in the city of Niigata, will be Bridgestone¡¯s only carbon black arm. It will continue to develop and make the material for premium and racing tires.
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