Bridgestone to Acquire OTR Tire Solutions Provider
Bridgestone Corp. will acquire Otraco International Pty Ltd., an OTR tire solutions provider. The deal "will accelerate the growth of Bridgestone's global mining solutions business," say company officials.
The transaction is expected to close by the end of 2021.
“Today we are announcing another significant step in our ongoing solutions journey,” says Masahiro Higashi, global COO and representative executive officer, Bridgestone.
"Acquiring Otraco will allow us to quickly expand our mining solutions business in key markets and create growth opportunities with existing mining customers. Otraco has an extensive service network built on strong customer relationships and we are excited for their team of experts to join Bridgestone.”