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Cooper Tire & Rubber, Findlay, OH, has completed the sale of its automotive business, Cooper-Standard Automotive, to an entity formed by The Cypress Group and Goldman Sachs Capital Partners for approximately $1.165 billion in cash.

Cooper Tire & Rubber, Findlay, OH, has completed the sale of its automotive business, Cooper-Standard Automotive, to an entity formed by The Cypress Group and Goldman Sachs Capital Partners for approximately $1.165 billion in cash. The sale included the 47 manufacturing facilities and operations of Cooper-Standard Automotive, a global manufacturer of fluid handling systems, body sealing systems and active and passive vibration control systems, primarily for automotive original equipment manufacturers. The group is headquartered in Novi, MI, and had revenue of approximately $1.6 billion in 2003.
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Title Annotation:Acquisitions, Expansions
Publication:Rubber World
Date:Jan 1, 2005
Words:87
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