Cabot Corporation has announced plans to acquire Mexico Carbon Manufacturing S.A. de C.V. (MXCB) from Bridgestone Corporation. Cabot, which provides reinforcing carbons, specialty carbons, battery materials, engineered elastomer composites, inkjet colorants, masterbatches and conductive compounds, fumed metal oxides, and aerogel, has agreed to pay $70 million for the purchase.
The reinforcing carbons manufacturing facility was commissioned in 2005 and is located near Cabot’s existing reinforcing carbons facility in Altamira, Mexico, which has operated since 1990. Under the terms of the agreement, Cabot will supply reinforcing carbon products from MXCB to Bridgestone and has the capability to produce other reinforcing carbon products to meet broader customer demands and support growth opportunities.
In a recent quote, Sean Keohane, president and chief executive officer, Cabot Corporation, said, “We are excited to expand our global reinforcing carbons network and deepen our collaboration with Bridgestone. This acquisition aligns with our strategy to grow in core markets and reinforces our commitment to operational excellence, innovation, and customer value. Our long-standing experience in the region and cultural alignment with the local team supports a smooth integration and long-term success. Importantly, this acquisition also further strengthens our position as a global leader in reinforcing carbons, enabling us to deliver innovative solutions and dependable supply to customers.”
The $70 million debt-free, cash-free acquisition is subject to regulatory approval in Mexico and is expected to close within three to six months.
