Cooper completes sale of automotive unit

By Liz White, ERJ staff
Findlay, Ohio-Cooper Tire & Rubber Co. completed the sale of its automotive business, Cooper-Standard Automotive, on 23 Dec. The Novi, Michigan-headquartered maker of weatherstrip, hose and antivibration parts has been bought for some $1165 million in cash by a grouping formed by The Cypress Group and Goldman Sachs Capital Partners.

The deal covers the 47 facilities and operations of Cooper-Standard Automotive-which Cooper describes as a global manufacturer of fluid-handling systems, body-sealing systems, and active and passive vibration control systems, primarily for…

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