Cooper Standard Acquires Jyco Sealing Technologies Business
NOVI, Mich., Aug. 1, 2013 /PRNewswire/ -- Cooper Standard today announced its acquisition of the automotive sealing business of Jyco Sealing Technologies effective July 31, 2013. The business acquired in the transaction is operated from Jyco's manufacturing locations in Canada, Mexico and China. Terms of the sale were not disclosed.
"The integration of Jyco Sealing Technologies into Cooper Standard's global sealing business directly aligns with the company's growth strategy by strengthening important customer relationships and further solidifying Cooper Standard's position as the global leader in automotive sealing systems," said Jeffrey Edwards, chairman and CEO, Cooper Standard.
With approximately 800 employees, Jyco has been a pioneer in Thermoplastic Vulcanizate (TPV) sealing technology since its founding in 2000 and has primarily supplied sealing systems and components to the automotive industry.
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 and trim, fuel and brake delivery, fluid transfer, thermal and emissions and anti-vibration systems. Cooper Standard employs more than 22,000 people globally and operates in 19 countries around the world. For more information, please visit www.cooperstandard.com.
SOURCE Cooper Standard