v3.26.1
Acquisitions
 9 Months Ended
Jun. 30, 2026
Business Combinations [Abstract]  
Acquisitions

C. Acquisitions

Business acquisition

On January 31, 2026, the Company purchased 100% of the registered capital of Mexico Carbon Manufacturing, S.A. de C.V. (“MXCB”), a carbon black manufacturing facility in Tamaulipas, Mexico, for a purchase price of $68 million, which included $2 million of cash acquired. The Company incurred acquisition and integration costs of $2 million through June 30, 2026, which are included in Cost of sales and Selling and administrative expenses in the Consolidated Statements of Operations.

The operating results of MXCB are included in the results of the Company’s Reinforcement Materials segment beginning in the second quarter of 2026, which includes $26 million of revenue following the closing date of the acquisition.

The provisional estimates of the fair value of assets and liabilities acquired as of January 31, 2026 are set forth below based on the cash consideration.

 

 

(In millions)

 

Fair value of asset acquired

 

 

 

Cash

 

$

2

 

Accounts and notes receivable

 

 

16

 

Inventories

 

 

20

 

Other assets

 

 

12

 

Property, plant and equipment

 

 

34

 

Intangible Assets

 

 

2

 

Total assets acquired

 

 

86

 

 

 

 

 

Fair value of liabilities assumed

 

 

 

Accounts payable and accrued liabilities

 

 

(12

)

Other liabilities

 

 

(6

)

Total liabilities assumed

 

 

(18

)

 

 

 

 

Total identifiable net assets

 

$

68

 

 

 

 

 

Cash consideration paid

 

$

68

 

Asset acquisition

In October 2024, the Company completed the purchase of certain assets and licensed related technology, which the Company uses to manufacture products for its battery materials product line. The Company paid $27 million, which was allocated to the identifiable assets on a relative fair value basis, with $19 million allocated to property, plant and equipment and $8 million to intangible assets.