Mutares completed the acquisition of certain operations in Europe and India of Cooper Standard.

Mutares, a German-based holding company, completed the acquisition of certain operations in Europe and India of Cooper Standard, a global supplier of sealing, fuel and brake, and fluid transfer systems. Financial terms were not disclosed. "We are continuing the execution of our longer-term strategic initiatives despite current market challenges and disruptions. The divestiture of these non-core operations will enable us to improve profitability and focus important company resources in areas where we see greater potential for profitable growth," Jeffrey Edwards, Cooper Standard Chairman and CEO.