Cabot to Buy Mexico Carbon Manufacturing for US$70 Million

Cabot Corporation has signed a definitive agreement to acquire Mexico Carbon Manufacturing from Bridgestone Corporation for US$70 million on a debt-free, cash-free basis. The acquisition includes a long-term supply agreement under which Cabot will continue supplying reinforcing carbon products to Bridgestone from the acquired facility. The transaction is pending regulatory approval in Mexico and is expected to close within three to six months.

Located in Altamira, Mexico, the MXCB plant began operations in 2005 and is situated near Cabot’s existing reinforcing carbon facility, which has been operating since 1990. The proximity of the two sites is expected to create operational efficiencies through resource sharing, logistics consolidation, and improved supply chain coordination.

“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 support a smooth integration and long-term success,” said Sean Keohane, President and CEO, Cabot Corporation. …

Source: Cabot