Cooper-Standard Holdings Inc. the parent company of Cooper-Standard Automotive Inc. (“Cooper Standard”), announced the completion of its purchase of Huayu Automotive System Co.’s share in Huayu-Cooper Standard Sealing Systems Co., Ltd. on February 27, 2015. Cooper Standard is now 95 percent equity owner of the business. As a result of the transaction, Cooper Standard is now the largest automotive sealing manufacturer in the domestic Chinese market with nine manufacturing facilities and two technical centers, including its recently opened Asia Pacific Technical Center and headquarters in Shanghai.
About Cooper Standard
Cooper Standard, headquartered in Novi, Mich., is a leading global supplier of systems and components for the automotive industry. Products include sealing, fuel and brake delivery, fluid transfer and anti-vibration systems. Cooper Standard employs more than 27,000 people globally and operates in 20 countries around the world.