Cooper Standard Sells Technical Rubber Business to Holcim
NORTHVILLE, Mich., Aug. 2, 2023 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE: CPS) today announced it has completed the sale of its Technical Rubber business to Switzerland-based Holcim .
- NORTHVILLE, Mich., Aug. 2, 2023 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE: CPS) today announced it has completed the sale of its Technical Rubber business to Switzerland-based Holcim .
- Based in Mannheim, Germany, Cooper Standard Technical Rubber (CSTR) offers versatile sheeting, compounding and flooring solutions.
- "Cooper Standard is committed to our Technical Rubber team and ensuring a smooth transition for our employees and Holcim," said Ramsey Changoo, vice president and managing director – ISG (Industrial and Specialty Group).
- Holcim will continue CSTR`s existing business activities and serve its existing customer base under its new name of Holcim Technical Solutions & Products GmbH.