NOVI, Mich. (April. 20) — Cooper-Standard Holdings Inc., the parent company of Cooper-Standard Automotive Inc., announced today that it has reached agreement with its former owner, Cooper Tire & Rubber Co. to retain the Cooper-Standard Automotive trade name and associated trademarks.
"This agreement marks an important step in Cooper-Standard´s evolution as a stand-alone company," said Jim McElya, Cooper-Standard president and CEO. "For a number of years our customers have associated the Cooper-Standard brand with world class quality and service, technological expertise, and outstanding value, and we are excited to be in a position to continue using the Cooper-Standard Automotive name to globally identify our leading product lines."
Cooper Tire sold the Cooper-Standard business — which produces body sealing, fluid handling and noise, vibration and harshness systems — late in 2004 for $1.17 billion to an investors´ group partnership formed by Cypress Group and Goldman Sachs Capital Partners.