Cooper Tire completes acquisition of majority interest in China-based Qingdao Ge Rui Da Rubber Co. (GRT) for Truck and Bus Radial (TBR) Tire production

Cooper Tire & Rubber Company has completed its purchase of a 65 percent interest in China-based Qingdao Ge Rui Da Rubber Co., Ltd.

GRT produces truck and bus radial (TBR) tires for global markets and will manufacture TBR tires to meet Cooper’s customer needs in North America, as well as in Asia and other markets. In the future, passenger car radial tires may also be manufactured at the one-million-square-foot GRT facility, which has room for further expansion.

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 more than one dozen countries around the world.

Jones Day advised Cooper Tire & Rubber Company in its acquisition with a team led by H. John Kao.

Involved fees earner: John Kao – Jones Day;

Law Firms: Jones Day;

Clients: Cooper Tire & Rubber;

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Author: Michael Patrini