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Zhongding Group acquires Bridgestone's shock-absorbing rubber business

 Last Update: 2021-12-27
 Source: Internet
 Author: User

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Recently, Anhui Zhongding Holdings (Group) Co.
, Ltd.
and Bridgestone Group of Japan signed an agreement to acquire Bridgestone's shock-absorbing rubber business with its own funds
.

According to reports, Bridgestone will first integrate its shock-absorbing rubber business into a new company, and Zhongding Group will acquire 100% of the new company with its own funds
.

The transaction is expected to be completed by the end of July 2022

Data show that in 2020, the sales revenue of Bridgestone's shock-absorbing rubber business is about 54.
418 billion yen, or about 3 billion yuan
.

As the acquired new company is engaged in the processing and sales of automotive rubber shock-absorbing products, it is in potential competition with Anhui Zhongding Sealing Co.

Zhongding shares said that the main customer groups of the current subsidiary Zhongding shock absorption company are distributed in China, Europe and the United States
.

The main business of the new company is Japanese customers

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