Anhui Zhongding Holding (Group) Co., Ltd. agreed to acquire anti-vibration rubber business from Bridgestone Corporation (TSE:5108) on December 10, 2021. The consolidated sales of anti-vibration rubber business were approx. ¥54.4 billion in 2020.

All employees associated with anti-vibration rubber business will work as members of AZ through the transaction. Until the day when the transfer is completed, the group will take respectful and appropriate actions so they can work with positivity and security under the new environment. The transaction is subject to regulatory approvals, other customary closing conditions and expected to close by the end of July 2022.