Goodyear to Acquire Cooper Tire for Approx. $2.8B
The transaction, expected to close in the second half of 2021, will expand Goodyear’s product offering and combine both companies’ strengths in the light truck and SUV product segments.
Cooper Tire Adds New Member to Board of Directors
Tyrone Michael (T.J.) Jordan is the former president and chief operating officer of Dura Automotive Systems.
Cooper Tire Donates 10k Toy Cars to Toys for Tots
Cooper will also collect a variety of toys at its offices, manufacturing plants and technical centers in the U.S.
Cooper Tire Breaks Ground on Indiana Distribution Center
The facility, which will replace Cooper’s Franklin, Ind., distribution center, is expected to open in early 2021.
Cooper Tire Reports 26.9% Drop in Sales in Q2 Report
The decrease was the result of $183 million of lower unit volume and $2 million of unfavorable foreign currency impact, which were partially offset by $29 million of favorable price and mix, said the company.
Cooper Tire Names Sr. VP & Chief Human Resources Officer
Paula Whitesell’s career has included stints at Peapod Digital Labs and Whirlpool Corp.
Cooper Tire to Relocate Regional Distribution Center
The facility, just minutes from the company’s current Franklin, Ind. warehouse, will replace the Franklin site with all employees expected to transition to the new location.
Cooper Tire Mexico Restarts Production
Cooper Tire has put in place procedures that include required employee health disclosures, increased cleaning, disinfecting and other measures.
Cooper Tire Restarting UK Plant June 15
The facility, which primarily manufactures motorcycle and racing tires, has been temporarily closed since late March due to the coronavirus and its impacts.
Cooper Tire Sees Net Loss of $12M in Q1
First-quarter net sales were $532M for Cooper compared with $619M in the first quarter of 2019, a decrease of 14.1%.