Announced
Completed
Financials
Tags
Cross Border
Private
India
Auto Parts
vehicle components
Friendly
Italy
Acquisition
Poland
Single Bidder
Spain
Completed
Majority
Private Equity
Synopsis
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.
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