M&A Deal Summary

Cooper Tire & Rubber Acquires Qingdao Ge Rui Da Rubber Co.

On December 1, 2016, Cooper Tire & Rubber acquired automotive company Qingdao Ge Rui Da Rubber Co.

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

M&A Deal Summary

Date 2016-12-01
Target Qingdao Ge Rui Da Rubber Co.
Sector Automotive
Buyer(s) Cooper Tire & Rubber
Deal Type Add-on Acquisition

Target

Qingdao Ge Rui Da Rubber Co.

China
Qingdao Ge Rui Da Rubber Co., Ltd is a provider of truck and bus radial (TBR) tires for global markets and will manufacture TBR tires to meet Cooper’s customer needs in North America, as well as in Asia and other markets.

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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 3 of 3
Sector: Automotive M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
Country: China M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS 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