Cabot to acquire Bridgestone鈥檚 MXCB plant in Mexico, boosting reinforcing carbon capacity and strengthening its global supply network.
Cabot Corporation has announced its entry into a definitive agreement to acquire Mexico Carbon Manufacturing S.A. de C.V. (MXCB) from Bridgestone Corporation. This strategic acquisition involves a reinforcing carbons manufacturing plant that began operations in 2005. Located near Cabot鈥檚 existing reinforcing carbons facility in Altamira, Mexico鈥攚hich has been in successful operation since 1990鈥攖his acquisition will further solidify Cabot鈥檚 presence in the region.
The move also reflects Bridgestone鈥檚 trust in Cabot鈥檚 capabilities and its reputation as a reliable and quality-driven partner. As part of the transaction, Cabot will enter into a long-term supply arrangement with Bridgestone, ensuring continued production and delivery of reinforcing carbon products from MXCB to support Bridgestone鈥檚 operations. Beyond this core supply relationship, MXCB's infrastructure allows for the production of a wider range of reinforcing carbon products. This manufacturing flexibility positions Cabot to meet diverse customer demands and accommodate future market expansions.
Cabot views this acquisition as an essential step in enhancing its global manufacturing capabilities and executing its long-term growth objectives. With the integration of MXCB鈥檚 facility, Cabot is set to boost its production capacity, reinforcing its status as a global leader in the Carbon Black sector. The added capacity not only strengthens its supply chain but also demonstrates the company鈥檚 dedication to ensuring consistent, high-quality supply for key global markets.
Sean Keohane, President and Chief Executive Officer of Cabot Corporation, expressed enthusiasm about the development. 鈥淲e are pleased to expand our global reinforcing carbons network and deepen our collaboration with Bridgestone,鈥� he said. 鈥淭his acquisition fits seamlessly into our strategic vision to grow within our core markets and demonstrates our ongoing commitment to operational excellence, innovation, and delivering value to our customers.鈥�
He further emphasized that Cabot鈥檚 longstanding experience in the region and cultural compatibility with the MXCB team will aid in smooth integration and long-term operational success. This transaction not only adds production strength but also strengthens Cabot鈥檚 ability to offer innovative and dependable reinforcing carbon solutions worldwide.
The agreed purchase price for MXCB is $70 million, on a debt-free and cash-free basis, and is subject to the usual closing adjustments. Regulatory approval in Mexico is still pending, but the deal is expected to be finalized within the next three to six months.
Cabot Corporation, based in Boston, Massachusetts, is a global leader in specialty chemicals and performance materials. The company offers a wide range of advanced products, including reinforcing carbons, specialty carbons, battery materials, engineered elastomer composites, inkjet colorants, masterbatches and conductive compounds, fumed metal oxides, and aerogel.
