M&A Deal Summary

Cooper Tire & Rubber Acquires Standard Products

On July 28, 1999, Cooper Tire & Rubber acquired manufacturer Standard Products for 757M USD

Acquisition Highlights
  • This is Cooper Tire & Rubber’s 1st transaction in the Manufacturing sector.
  • This is Cooper Tire & Rubber’s largest (disclosed) transaction.
  • This is Cooper Tire & Rubber’s 1st transaction in the United States.
  • This is Cooper Tire & Rubber’s 1st transaction in Michigan.

M&A Deal Summary
Date 1999-07-28
Target Standard Products
Sector Manufacturing
Buyer(s) Cooper Tire & Rubber
Deal Type Add-on Acquisition
Deal Value 757M USD

Target

Standard Products

Dearborn, Michigan, United States
Standard Products Company produced highly engineered polymer-based products, such as rubber products, engineered plastic products, and tread rubber for customers in various industries.

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Buyer(S) 1

Buyer

Cooper Tire & Rubber

Findlay, Ohio, United States

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Category Company
Founded 1914
Sector Automotive
Employees8,720
Revenue 2.5B USD (2020)
DESCRIPTION
Cooper Tire & Rubber's corporate headquarters in Findlay, Ohio.
Cooper Tire & Rubber's corporate headquarters in Findlay, Ohio.

Cooper Tire & Rubber is a manufacturer and marketer of replacement tires. Cooper focuses on the manufacture and sale of passenger and light and medium truck replacement tires. Cooper Tire & Rubber was founded in 1914 and is based in Findlay, Ohio.

DEAL STATS #
Overall 1 of 3
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Michigan) 1 of 1
Country (United States) 1 of 2
Year (1999) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-23 Holm Industries

Scottsburg, Indiana, United States

Holm Industries is a North American producer of extruded plastic sealing products for the appliance and construction industries. Through its OEM/Miller unit, Holm is the leading producer of flexible corrugated plastic tubing for the appliance and automotive industries. Headquartered in Scottsburg, Indiana, Holm has six locations across the United States as well as four plants in Mexico and one plant in India.

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