Acquisitions · Carbon black
Tokai Carbon buys Texas carbon black maker Sid Richardson for ¥34.1 billion
- Buyer
- Tokai Carbon (Tokyo)
- Target
- Sid Richardson Carbon and two affiliates, Fort Worth, Texas
- Value
- ¥34.1B (about $310M)
- Status
- Completed in September 2018.
- Date
- 2018-06-26
Tokai Carbon bought Sid Richardson Carbon of Fort Worth, Texas, and two affiliated companies for ¥34.1 billion (about $310 million), financed with bank loans. Sid Richardson makes carbon black, a material used mainly in tires.
Why it matters
The acquisition gave Tokai Carbon carbon black plants in the US close to tire makers' North American factories.
Sources
Kakehashi M&A News home
