Wedoany.com Report-Aug. 8, Cabot Corporation, based in Boston, Massachusetts, has signed a definitive agreement to acquire Mexico Carbon Manufacturing S.A. de C.V. (MXCB) from Bridgestone Corporation of Tokyo, Japan. MXCB, a reinforcing carbons manufacturing facility, was commissioned in 2005 and is located near Cabot’s existing plant in Altamira, Mexico, which has been in operation since 1990.

The acquisition is valued at $70 million on a debt-free, cash-free basis, with standard closing adjustments. The deal is currently pending regulatory approval in Mexico and is anticipated to close within three to six months.

This acquisition strengthens the longstanding partnership between Cabot and Bridgestone. Under the agreement, Cabot will continue to supply Bridgestone with reinforcing carbon products produced at the MXCB facility. In addition to serving Bridgestone’s needs, the facility also has the capability to produce a broader range of reinforcing carbon products, supporting flexibility in production and enabling Cabot to meet a wider set of customer demands.

Cabot expects the addition of MXCB to enhance its global operational capabilities and contribute to the company's long-term growth strategy. By increasing production capacity in a key region, the transaction further reinforces Cabot’s role as a leading global provider of carbon black and underscores its commitment to reliable and high-quality supply across critical markets.

Sean Keohane, President and CEO of Cabot Corporation, stated:

“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 MXCB acquisition reflects Bridgestone’s continued confidence in Cabot as a reliable and experienced partner. The facility's location next to Cabot’s Altamira plant offers logistical and operational advantages, contributing to efficient integration and streamlined production processes.

By expanding its reinforcing carbons manufacturing capacity in Mexico, Cabot aims to support both current partnerships and future market growth, while enhancing the resilience of its supply chain. The company views this acquisition as a key step in delivering long-term value to its customers through increased capacity, regional presence, and product flexibility.