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Cooper completes sale of automotive unit; US tyre maker now has cash to develop tyre business.(News)(Brief Article)

Publication: European Rubber Journal
Publication Date: 01-JAN-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Byline: Liz White

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 ([euro]887 million) in cash by a by...

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...financial unit formed Cypress Group...

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