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

Category Company
Founded 1931
Sector Automotive
Employees121,464
Revenue 4.43T JPY (2024)
DESCRIPTION
Bridgestone's corporate headquarters in Tokyo, Japan.
Bridgestone's corporate headquarters in Tokyo, Japan.

Bridgestone is a global tire and rubber company offering a wide range of tires for various vehicles, including cars, trucks, motorcycles, and agricultural equipment. Bridgestone was formed in 1931 and is based in Tokyo, Japan.


DEAL STATS #
Overall 1 of 2
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 1988 M&A 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 -