FINDLAY, Ohio — Cooper Tire & Rubber Company announced on Jan. 28 that it has closed on the agreement that was first announced on Nov. 1, 2019, to increase ownership in its Mexico joint venture tire manufacturing facility, Corporación de Occidente S. A. de C.V. (COOCSA), from 58 percent to 100 percent.
“Full ownership of COOCSA is part of our strategic plan to optimize Cooper’s global manufacturing footprint with cost-competitive production of quality tires in key geographies,” said Cooper President & CEO 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 tire industry.”
About Cooper Tire & Rubber Company
Cooper Tire & Rubber Company (NYSE: CTB) is the parent company of a global family of companies that specializes in the design, manufacture, marketing and sale of passenger car, light truck, medium truck, motorcycle and racing tires. Cooper’s headquarters is in Findlay, Ohio, with manufacturing, sales, distribution, technical and design operations within its family of companies located in almost 15 countries worldwide. Visit www.coopertire.com, www.facebook.com/coopertire or www.twitter.com/coopertire.