On July 3, 2018, Cooper Standard (NYSE:CPS), a leading global supplier of systems and components for the automotive industry, agreed to acquire Lauren Manufacturing and Lauren Plastics.
The transaction expands the markets served by Cooper Standard’s Industrial and Specialty Group (ISG), which is responsible for accelerating growth and maximizing the value of Cooper Standard’s products and technologies in non-automotive and specialty markets.
Lauren Manufacturing and Lauren Plastics are extruders and molders of organic, silicone, thermoplastic and engineered polymer products with expertise in sealing solutions for industrial and specialty automotive applications. The acquisition expands ISG’s product lines in key segments, including: building and construction; containers and enclosures; distribution and aftermarket; as well as specialized products for the automotive and transportation markets.
Cooper Standard, headquartered in Novi, Michigan, is a leading global supplier of systems and components for the automotive industry. Products include rubber and plastic sealing, fuel and brake lines, fluid transfer hoses and anti-vibration systems. Cooper Standard employs approximately 32,000 people globally and operates in 20 countries around the world.
LAUREN MANUFACTURING & LAUREN PLASTICS
Lauren Manufacturing and Lauren Plastics, subsidiaries of New Philadelphia, Ohio-based Lauren International Ltd, employ over 500 team members and operate four facilities located in Ohio (New Philadelphia (2) and Kent) and Michigan (Spring Lake).