TAGS: Automotive
LCY Chemical Corp. has signed an agreement to acquire 100% shares of Bridgestone Synthetic Rubber Co. (BSRC) under Bridgestone Corporation and will integrate the business into LCY's Rubber Business Unit.
Enhanced Customer Offering
The new addition is expected to bring synergy to the business and expand LCY's offering to passenger car tire materials. The transaction is subject to regulatory approvals and expected to close by end of 2021.
Located at Daya Bay Petrochemical Zone, Huizhou, Guangdong Province in China, BSRC mainly produces and sells Emulsion-Styrene Butadiene Rubber (ESBR) for passenger car tires. The business reported CNY 399 million in revenue in 2020. The new team is specialized in ESBR technologies and together with LCY they plan to build on this foundation to drive cutting-edge innovations to contribute to efficient and safe mobility.
Source: LCY Chemical Corp.