Bekaert acquires tire reinforcement business from Bridgestone in China and Thailand, further strengthening its leading market position

Core Viewpoint - Bekaert has agreed to acquire Bridgestone's tire reinforcement business in China and Thailand, enhancing its market position in the global tire reinforcement sector [1][2]. Group 1: Acquisition Details - The acquisition includes the transfer of two tire cord manufacturing sites from Bridgestone, specifically Bridgestone (Shenyang) Steel Cord Co., Ltd. in China and Bridgestone Metalpha (Thailand) Co. Ltd. in Thailand [3]. - The transaction is expected to close in the first half of 2026, pending regulatory approvals and customary closing conditions [1]. Group 2: Strategic Implications - This acquisition strengthens Bekaert's Rubber Reinforcement division, which has been a leader in the tire reinforcement market for over 70 years, and reinforces its strategic partnership with Bridgestone [2][4]. - The long-term supply agreement ensures continuity of high-quality tire reinforcement products, supporting Bekaert's global manufacturing footprint [2]. Group 3: Financial Impact - The transaction is projected to add approximately €80 million to Bekaert's consolidated annual sales [4]. - The cash consideration for the acquisition is €60 million, which will be funded from available cash balances [4].