M&A Deal Summary

Bridgestone Acquires Firestone Tire and Rubber Company

On March 17, 1988, Bridgestone acquired automotive company Firestone Tire and Rubber Company for 2.6B USD

Acquisition Highlights
  • This is Bridgestone’s 1st transaction in the Automotive sector.
  • This is Bridgestone’s largest (disclosed) transaction.
  • This is Bridgestone’s 1st transaction in the United States.
  • This is Bridgestone’s 1st transaction in Illinois.

M&A Deal Summary

Date 1988-03-17
Target Firestone Tire and Rubber Company
Sector Automotive
Buyer(s) Bridgestone
Deal Type Add-on Acquisition
Deal Value 2.6B USD

Target

Firestone Tire and Rubber Company

Chicago, Illinois, United States
Firestone Tire and Rubber Company is a producer of tires.

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Buyer(S) 1

Buyer

Bridgestone

Tokyo, Japan

website


Category Company
Founded 1931
Sector Automotive
Employees143,589
Revenue 4,110.1B JPY (2022)
DESCRIPTION
Bridgestone's corporate headquarters in Tokyo, Japan.
Bridgestone's corporate headquarters in Tokyo, Japan.

Bridgestone is a global tire and rubber company. The Company is known for producing a wide range of tires for various vehicles, including cars, trucks, motorcycles, and agricultural equipment. Bridgestone's commitment to research and development has enabled them to offer technologically advanced tire products that prioritize safety, performance, and sustainability. Bridgestone was formed in 1931 and is based in Tokyo, Japan.


DEAL STATS #
Overall 1 of 2
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (1988) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-25 Transense Technologies - iTrack Solutions Business

Green Bicester, United Kingdom

Transense Technologies PLC' iTrack Solutions Business is a provider of tire management solutions for the off-the-road (OTR) vehicle market. The business offers a comprehensive tire pressure monitoring system (TPMS) specially designed for mining tires.

Buy -