Bridgestone to Restructure Diversified Products Portfolio
Bridgestone Corp. is in the process of restructuring its diversified products business portfolio in order to focus "on areas where it can leverage its core competencies."
The Tokyo, Japan-based company recently announced that it will "transfer" its chemical products business to Endeavour United II Investment Limited Partnership.
The division represents about half of Bridgestone's diversified products business' sales.
The transaction is expected to close in August 2022.
Bridgestone also recently announced that it will transfer its anti-vibration rubber business to Anhui Zhongding Holding (Group) Co. Ltd. That deal is expected to close this coming July.