Cooper Standard Sells Anti-Vibration Systems Business To Continental
The agreement includes a binding offer from Continental AG to purchase substantially all of Cooper Standard’s anti-vibration business in France and its respective interest in the joint venture in India on the basis of which the parties will pursue signing of an agreement in the next few weeks, once works council consultations have taken place.
Cooper Standard Names Gabrielle Corrent To Vice President, Strategy And M&A
In her new role, Corrent will lead Cooper Standard’s global business development initiatives, including the identification of opportunities, due diligence processes and all deal-related transition and integration activities.
Cooper Standard Reports 2nd Quarter Results
During the second quarter of 2018, the company generated a net income of $41.9 million, or $2.28 per diluted share, and an Adjusted EBITDA of $107.9 million on sales of $928.3 million.
Former Lear CEO Matthew Simoncini Named To Cooper Standard’s Board Of Directors
Simoncini most recently served as president, CEO and a director of Lear Corp. He is presently serving as an adviser to Lear until the end of 2018.
Cooper Standard Announces Groundbreaking Of A New Rubber Mixing Facility In Mexico
The new facility, which represents an $11 million investment, supports the company’s mission to accelerate innovation while delivering world-class quality with speed and efficiency.
Cooper Standard Announces $150M Share Repurchase Program
The share repurchase program, which is effective as of Nov. 6, 2018, replaces the previous $125 million authorization to repurchase shares approved in March 2016.
Cooper Standard Expands Product Offerings With LS Mtron Acquisition
Through the acquisition, Cooper Standard says it will not only expand its core product offerings, but also gain a strategic partnership with LS Mtron, a leading Korean automotive and industrial manufacturer, creating the opportunity to cooperate across multiple industries by leveraging the material science capabilities of both companies.
Cooper Standard’s Norma Medina Named A 2018 STEP Ahead Award Honoree
This is the second consecutive year that Cooper Standard has had a STEP Ahead Honoree.
Cooper Standard Reports Record 2017 Results
For the full year 2017, the company reported net income of $135.3 million, or $7.21 per diluted share on sales of $3.62 billion.
Cooper Standard Names Jeffrey DeBest President, Advanced Technology Group
From 1997 to 2014, DeBest held a series of leadership roles of increasing responsibility at Johnson Controls Inc. Most recently, he served as group vice president of the auto supplier’s worldwide interiors group. He started his career at Prince Corp., later purchased by Johnson Controls, as the service parts manager.