Cabot Corporation has signed an agreement to acquire Mexico Carbon Manufacturing S.A. de C.V. (MXCB) from Bridgestone Corporation for $70 million. The facility, commissioned in 2005, is located near Cabot’s existing reinforcing carbons plant in Altamira, Mexico.

As part of the deal, Cabot will continue to supply reinforcing carbon products to Bridgestone under a long-term agreement. The acquisition will expand Cabot’s production capacity, strengthen its global reinforcing carbons network, and support future growth opportunities.

According to Cabot CEO Sean Keohane, the transaction aligns with the company’s strategy to grow in core markets and reinforces its commitment to innovation and reliable supply. The deal is subject to regulatory approval in Mexico and is expected to close within three to six months.

“We are excited to expand our global reinforcing carbons network and deepen our collaboration with Bridgestone,” said Sean Keohane. “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.”

Read the full article at Globe Newswire.