Cooper completes purchase of China’s GRT

Findlay, Ohio – Cooper Tire & Rubber Co. has completed its purchase of a 65% interest in China’s Qingdao Ge Rui Da Rubber Co., Ltd (GRT) under terms that were previously announced.

Cooper announced plans to buy the stake, for about $93 million (€86 million), in January.

cooper-GRT-ChinaGRT produces radial truck and bus tires for global markets at its 1-million-sq.-ft. plant in Pingdu, Qingdao Province, China, and in future will produce tires for Cooper customers in the US…

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