Cases & Deals

Bridgestone sells 100% of shares of Bridgestone's Italian and Chinese steel cord manufacturing subsidiaries to Belgian-based NV Bekaert SA

Clients Bridgestone Corporation

Jones Day advised Bridgestone Corporation ("Bridgestone") in the sale of 100% of the shares of Bridgestone's Italian and Chinese steel cord manufacturing subsidiaries to Belgian-based NV Bekaert SA ("Bekaert"). The manufacturing subsidiaries sold are BMI, Sardinia (Italy) and BSSH, Huizhou (Guangdong Province, China). The share deal includes all of the personnel and assets of the two manufacturing sites.

Bridgestone entered into a long-term tire cord supply agreement with Bekaert, ensuring a stable supply of quality cord and enhancing the on-going relationship of two companies which are leaders in their respective industries.