Cooper-Standard reaches agreement to retain trade name

Novi, Michigan - Cooper-Standard Holdings Inc., the parent company of Cooper-Standard Automotive Inc., has announced that it has reached agreement with its former owner, Cooper Tire & Rubber Co. to retain the Cooper-Standard Automotive trade name and associated trademarks.

"This agreement marks an important step in Cooper-Standard's evolution as a stand-alone company," said Jim McElya, Cooper-Standard president and ceo. "For a number of years our customers have associated the Cooper-Standard brand with world class quality and service, technological expertise, and outstanding value, and we are excited to be in a position to continue using the Cooper-Standard Automotive name to globally identify our leading product lines."

Cooper Tire sold the Cooper-Standard business -- which produces body sealing, fluid handling and noise, vibration and harshness systems -- late in 2004 for $1170 million to an investors´ group partnership formed by Cypress Group and Goldman Sachs Capital Partners.

From Rubber & Plastics News (A Crain publication)