On July 14, Sailun Tire (601058.SH) issued an announcement, announcing that its wholly-owned subsidiary Sailun (Shenyang) Tire Co., Ltd. (referred to as "Sailun Shenyang") will acquire 100% of the equity of Bridgestone (Shenyang) Tire Co., Ltd. (referred to as "Bridgestone Shenyang") held by Bridgestone (China) Investment Co., Ltd. for 265 million yuan. The two parties signed the "Equity Transfer Agreement" on the same day.
The transaction aims to better meet the strong demand for tire products in the domestic and foreign markets and further enhance the overall competitiveness of Sailun Tire. Sailun Tire said that after the acquisition is completed, the company will start to adjust the management of Bridgestone Shenyang and make full use of the existing high-quality assets of the factory, such as land, plant and equipment. In combination with its own development strategy, Sailun will determine specific construction projects to rapidly expand production capacity.
Industry insiders analyzed that through this acquisition, Sailun Tire not only acquired the physical assets of Bridgestone's Shenyang plant, but more importantly, this move can help the company quickly improve its production capacity layout and supply capabilities in the northeast and northern markets, consolidate its leading position in the domestic tire market, and provide stronger support for expanding the international market. At the same time, the announcement clearly pointed out that there are no pending employee placement issues in this transaction, which is conducive to a smooth transition and operation after the acquisition.
This acquisition is an important step for Sailun Tire in integrating resources and expanding its scale. It also reflects the positive attitude of domestic tire giants to accelerate capacity expansion and strategic layout through mergers and acquisitions in the current market environment.
