Bridgestone to divest its Chemical Product Solutions and Anti-Vibration businesses

Tokyo, Japan – Bridgestone Corporation (Bridgestone) announced that it will transfer its chemical products solutions business to Endeavour United II Investment Business Limited Partnership (EU Investment Partnership). The process to transfer the business to EU Investment Partnership will be that; Bridgestone will establish a wholly owned subsidiary company (the new company) which will succeed Bridgestone’s chemical products solutions business. Bridgestone will transfer all ownership of Bridgestone Group’s chemical products solutions business to the new company, and then, will sell all shares of stock of the new company to EU Investment Partnership. This transaction is expected to close by the end of August 2022, subject to regulatory approvals and other customary closing conditions.

The company also announced that it will transfer its anti-vibration rubber business to Anhui Zhongding Holding (Group) Co., Ltd. (AZ). The process to transfer the business to AZ will be that; Bridgestone will establish a wholly owned subsidiary company (the new company) which will succeed Bridgestone’s anti-vibration business. Bridgestone will transfer all ownership of Bridgestone Group’s anti-vibration rubber business to the new company, and then, will sell all shares of stock of the new company to AZ. This transaction is expected to close by the end of July 2022.