M&A Deal Summary

Cooper Tire & Rubber Acquires Max-Trac Tire

On March 17, 2003, Cooper Tire & Rubber acquired automotive company Max-Trac Tire

Acquisition Highlights
  • This is Cooper Tire & Rubber’s 1st transaction in the Automotive sector.
  • This is Cooper Tire & Rubber’s 2nd transaction in the United States.
  • This is Cooper Tire & Rubber’s 1st transaction in Ohio.

M&A Deal Summary

Date 2003-03-17
Target Max-Trac Tire
Sector Automotive
Buyer(s) Cooper Tire & Rubber
Deal Type Add-on Acquisition

Target

Max-Trac Tire

Stow, Ohio, United States
Max-Trac Tire Co. Inc. is a performance and specialty tire marketer. The Company is based in Stow, Ohio.

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Buyer(S) 1

Buyer

Cooper Tire & Rubber

Findlay, Ohio, United States

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 2 of 3
Sector (Automotive) 1 of 2
Type (Add-on Acquisition) 2 of 3
State (Ohio) 1 of 1
Country (United States) 2 of 2
Year (2003) 1 of 1
PREVIOUS 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-01 Oliver Rubber Company

Greenville, South Carolina, United States

Oliver Rubber Company LLC manufactures and distributes tread rubber products.

Sell $69M