Cooper wants to sell non-tyre division

From Rubber & Plastics News

Findlay, Ohio-Cooper Tire & Rubber Co. is exploring the possibility of selling its Cooper-Standard Automotive business. Cooper has retained international investment banking group Lazard Freres & Co. L.L.C. to assist it in the process.

“At this time,” said Thomas Dattilo, Cooper chairman, president and CEO, “our board of directors believes that it is appropriate to evaluate strategic alternatives for the group. We believe that Cooper may best be served by dedicating our resources to investing in our tire business and further…

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