Leading synthetic rubber manufacturer JSR Corp. (TYO:4185) has announced plans to transfer its elastomers business to Eneos Corp. Due to be completed on April 1, 2022, the deal here will be based on a valuation of 115 billion yen ($1.05 billion). Commenting on the deal, JSR CEO Eric Johnson acknowledged that elastomers have been a core business for JSR since...
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...
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....
Toyoda Gosei Co. Ltd. (TYO:7282) has announced that it will acquire a 100 percent stake in Pecval Industria Ltda., a Brazilian-based manufacturer of automotive interior and exterior parts, by December 2017. Pecval is currently a joint venture between Toyoda Gosei and Shimizu Industry Co. Ltd. Now, however, the two companies have agreed that Toyoda Gosei will acquire a full ownership...
Osaka-based Nitta Corp. (TYO:5186) recently announced that it will acquire the chemical and industrial product business of Toyo Tire and Rubber Co. Ltd. (TYO:5105), excluding the seismic isolation rubber business. Toyo Tires’ subsidiary, Toyo Chemical Industrial Products Co. Ltd., will set up a new company in which the business to be acquired by Nitta will be transferred. 100 percent of...
Bridgestone HosePower LLC, an indirect U.S. subsidiary of Bridgestone Corp. (TYO:5108) handling hose sales and services, has completed its acquisition of Fittings Inc., a hydraulic hose sales and services company based in Seattle, Washington. The addition of Fittings expands Bridgestone HosePower’s presence across the U.S. to 40 locations, with one also in also in Mexico, making the company the largest...
