Cooper completes acquisition of Mexico joint venture plant
Cooper Tire & Rubber Company has completed the acquisition its Mexico joint venture tyre manufacturing facility, Corporación de Occidente S. A. de C.V. (COOCSA). The agreement to increase its shareholding from 58 to 100 per cent was announced on 1 November 2019.
“Full ownership of COOCSA is part of our strategic plan to optimise Cooper’s global manufacturing footprint with cost-competitive production of quality tyres in key geographies,” said Cooper president & chief executive officer Brad Hughes. “We are excited to continue working with the team in Mexico as we look forward to enhancing the facility’s global competitiveness in the tyre industry.”