Bekaert to acquire the tire reinforcement business from Bridgestone for €60m.

Bekaert, a company specialising in steel wire transformation and coating technologies, agreed to acquire the tire reinforcement business from Bridgestone, a company which designs, produces and sells automobile tires, for €60m. The proposed transfer of business is part of Bridgestone’s strategy to enhance competitiveness over the mid-to-long term by leveraging collaboration with global partners, aiming to respond to changes in the business environment.