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Announced

Completed

Cooper Tire completed the acquisition of the remaining 42% of Corporacion de Occidente.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned58%
Capital Bid For42%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Mexico

car tires

Tires

Majority

Single Bidder

Private

Friendly

Joint Venture

Acquisition

Completed

Synopsis

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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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