# Toyoda Gosei to acquire majority stake in Hubei Rock Rubber and Seal Technology

Toyoda Gosei, through its Chinese subsidiary, will purchase a 60% stake in Hubei Rock Rubber and Seal Technology Co., Ltd. for approximately 800 million yen (about USD 7 million) in December 2018, pending Chinese regulatory approval.

- Type: Acquisition
- Announced: 2018-10-30
- Where: Shiyan, Hubei, China
- Value: $7.00M (800.0M JPY)
- Status: announced
- Products: weatherstrips, rubber and plastic automotive parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Toyoda Gosei Co. Ltd.](https://endata.com/companies/21998.md) (acquirer)
- [Hubei Rock Rubber and Seal Technology](https://endata.com/companies/35206.md) (target)
- [Hubei Zhengao Automotive Accessories](https://endata.com/companies/35207.md) (partner)
- [Hubei Rock](https://endata.com/companies/35264.md) (target)
- [Toyoda Gosei China](https://endata.com/companies/35363.md) (acquirer)

## Sources

- [shidarubber.com](https://www.shidarubber.com/toyoda-gosei-invests-in-automotive-parts-manufacturer-in-central-china/), 2018-10-30: "Toyoda Gosei China plans to purchase 60% shares from Hubei Rock's parent company, Hubei Zhengao Automotive Accessories Co., Ltd., for approximately 800 million yen in December 2018."
- [aftermarketnews.com](https://www.aftermarketnews.com/toyoda-gosei-invests-in-automotive-parts-manufacturer-in-central-china/), 2018-10-30: "Toyoda Gosei says its decision to invest in Hubei Rock was made with the aim of rapidly expanding its business in the region by merging the Toyoda Gosei Group’s technology and knowledge in product design and production... with Hubei Rock’s track record and sales channels."
- [european-rubber-journal.com](https://www.european-rubber-journal.com/article/2067320/toyoda-gosei-buying-majority-stake-in-chinese-automotive-supplier), 2018-11-01: "Toyoda Gosei Co is purchasing a majority stake in Hubei Rock Rubber and Seal Technology Co., Ltd to strengthen its automotive parts business in China."
- [rubbernews.com](https://www.rubbernews.com/article/20181101/NEWS/181109995/toyoda-gosei-buying-majority-stake-in-chinese-automotive-supplier/), 2018-11-01: "The deal to acquire a majority stake in Hubei Rock will give Toyoda Gosei four weatherstrip production facilities in China."
- [tiresandparts.net](https://tiresandparts.net/news/parts/toyoda-gosei-acquires-stake-in-hubei-rock/), 2018-11-07: "Toyoda Gosei, though its subsidiary in China, Toyoda Gosei China has plans to buy a 60 stake in Hubei Rock from its parent company, Hubei Zhengao Automotive Accessories Co., Ltd."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.