LCY Chemical Corp. agreed to acquire Bridgestone (Huizhou) Synthetic Rubber Co., Ltd. from Bridgestone Corporation (TSE:5108) on June 15, 2021. The sale value is not disclosed.

Teammates in BSRC will start working in new environment under LCY. As on December 1, 2021, the transaction is completed after getting regulatory approvals and satisfying other customary conditions. The transaction was planned to be completed before December 14, 2021.

Baker & McKenzie, Taipei acted as legal advisor to LCY Chemical Corp.