Cabot Corporation has entered a definitive agreement to acquire Mexico Carbon Manufacturing (MXCB) from Bridgestone Corporation. The reinforcing carbons manufacturing facility was commissioned in 2005 and is located in close proximity to Cabot’s current reinforcing carbons facility in Altamira, Mexico, which has operated successfully since 1990. Cabot says the acquisition of MXCB will enhance its global capabilities and support its long-term growth strategy.
The facility can manufacture a range of reinforcing carbon products, providing flexibility to support customer needs and future growth opportunities. Under the terms of the acquisition, Cabot will supply carbon products from MXCB to Bridgestone.
“We are excited to expand our global reinforcing carbons network and deepen our collaboration with Bridgestone,” said Sean Keohane, president and chief executive officer, Cabot Corporation. “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.”
In related news, Ecolomondo recently received a repeat order and shipped its second commercial truckload of 23 metric tons of recovered carbon black produced at its Hawkesbury TDP facility to its main offtake client. Read the full story here
