Cabot Corporation has announced a definitive agreement to acquire Mexico Carbon Manufacturing S.A. de C.V. (MXCB) from Bridgestone Corporation for $70 million on a debt-free, cash-free basis. The acquisition is set to enhance Cabot's position as a global leader in reinforcing carbons. The MXCB facility, commissioned in 2005, is located near Cabot's existing facility in Altamira, Mexico. This acquisition will bolster Cabot's capabilities in manufacturing reinforcing carbon products, offering flexibility to meet broader customer needs and supporting future growth opportunities. The transaction is expected to be finalized within three to six months, pending regulatory approval in Mexico.
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