Announced
Completed
Financials
Tags
Mexico
car tires
Tires
Majority
Single Bidder
Private
Friendly
Joint Venture
Acquisition
Completed
Synopsis
Cooper Tire, an American company that specializes in the design, manufacture, marketing and sales of replacement automobile and truck tires, completed the acquisition of the remaining 42% of Corporacion de Occidente, its tiremaking, Mexico-based joint venture with TRADOC. Financial terms were not disclosed. “Full ownership of COOCSA is an important step in our strategic plan to optimize our global manufacturing footprint with cost-competitive production of quality tires to meet market demand, in this case throughout Latin America, as well as in North America,” Brad Hughes, Cooper President & Chief Executive Officer.
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