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Cooper-Standard acquires 80.1% of LS Mtron's automotive parts business.

To enhance its automotive product offering and capabilities, Cooper Standard has acquired 80.1% of LS Mtron's automotive parts business. Through the acquisition, Cooper Standard not only expands its core product offerings, but gains a strategic partnership with LS Mtron, a leading Korean automotive and industrial manufacturer, creating the opportunity to cooperate across multiple industries by leveraging the material science capabilities of both companies. Through the acquisition, Cooper Standard adds both jounce brake lines and charge air cooling technology to its automotive fluid transfer, and fuel and brake delivery systems product lines. This transaction also further strengthens the Company's global market position in both businesses.

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Publication:The Fly
Date:May 14, 2018
Words:105
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