Bridgestone tire reinforcement business Acquired by Bekaert | Manufacturing M&A Deal

Bekaert has completed the acquisition of Bridgestone tire reinforcement business, a metals fabrication business in China and Thailand, for €60 million. The acquired operations include tire cord production facilities in Shenyang, China and Thailand, supplying tire cord and tire reinforcement products for Bridgestone tires. Bekaert acquires Bridgestone tire reinforcement business to expand its Rubber Reinforcement division, strengthen the tire cord market position, and deepen a long-term supplier relationship with Bridgestone. The strategic acquisition is an add-on acquisition within manufacturing M&A, funded from available cash balances, and is expected to add about €80 million to Bekaert’s consolidated annual sales.