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Polyethylene Containers Inc. of El Dorado, Arkansas, acquired a 246,000-square-foot former Cooper Standard automotive plant in Los Angeles and is adding a line of 5-gallon pails. The development was reported on December 8, 2020.
Mutares signed an agreement on 8 May 2020 to acquire certain Cooper Standard sealing and rubber fluid transfer system operations in Poland, Italy, Spain and India, including about 2,500 employees, subject to antitrust approval.
Continental has agreed to purchase Cooper Standard's anti-vibration systems business, including North American operations, substantially all of its French anti-vibration business and its stake in an Indian joint venture. Completion is subject to antitrust approval and French works council consultations.
Cooper Standard laid the foundation stone for a $12 million polymer mixing plant in Aguascalientes, creating 100 direct jobs, with completion expected in the first quarter of 2019.
Cooper Standard celebrated the grand opening of its dedicated Industrial Specialty Group facility in Sherbrooke, Quebec, which consolidates three existing ISG sites. The $10 million investment supports non-automotive EPDM rubber sealing products.
Cooper Standard will create approximately 98 new jobs and invest $1 million in new plant equipment at its Surgoinsville facility in Hawkins County, Tennessee, to make coolant tube and hose assemblies and fuel and brake lines.
