FINDLAY, Ohio (July 3)—Cooper Tire & Rubber Co. has finalized its purchase of certain retread assets of Hercules Tire & Rubber Co. for $8.5 million. Hercules´ precure press, molds, Cedco equipment division, some inventory and intellectual property will be integrated into Cooper's Oliver Rubber retread division. The two companies announced the deal in early May.
Cooper completes Hercules retread purchase
Rubber & Plastics News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].