Company Overview of Cooper-Standard Automotive Inc.
Cooper-Standard Automotive Inc. manufactures systems and components for the automotive industry in the United States and internationally. Its products include sealing and trim systems, such as dynamic, static, encapsulated, specialty, and agrifiber sealing products, as well as stainless steel and polycarbonate hardcoat trims, flush glass systems, and variable extrusion products; fuel and brake delivery systems, including chassis and tank fuel lines/bundles, metallic brake lines and bundles, direct injection and port fuel rails, and quick connects; and fluid transfer systems, such as heater/coolant hoses, DPF and SCR emissions lines, transmission oil cooling hoses, degas tanks, air intake and...
39550 Orchard Hill Place
Novi, MI 48375
Founded in 1936
Key Executives for Cooper-Standard Automotive Inc.
Chairman and Chief Executive Officer
Chief Financial Officer and Executive Vice President
Chief Operating Officer and Executive Vice President
Senior Vice President and President for North America
Senior Vice President and President of Europe
Compensation as of Fiscal Year 2014.
Cooper-Standard Automotive Inc. Key Developments
Cooper-Standard Holdings Inc. Announces Executive Changes of Cooper-Standard Automotive Inc, Effective March 02, 2015
Jan 27 15
Cooper-Standard Holdings Inc. announced that Mr. Campbell will transition out of his role as Executive Vice President and Chief Financial Officer of Cooper-Standard Automotive Inc. effective as of March 2, 2015. At that time, Mr. Campbell will relocate to Asia and transition to his new role as Executive Vice President, Chief Infrastructure Officer. On January 27, 2015, Cooper Standard announced the appointment of Matthew W. Hardt as Executive Vice President, effective February 2, 2015, and Executive Vice President and Chief Financial Officer of Cooper Standard, effective March 2, 2015, to coincide with the effective date of Mr. Campbell's transition to the role of Executive Vice President, Chief Infrastructure Officer. Prior to joining Cooper Standard, Mr. Hardt, 47, served as Senior Vice President, Finance, Industrial Solutions of TE Connectivity LTD.
Cooper Standard Announces Restructuring of its European Operations
Jan 21 15
Cooper-Standard Holdings Inc., the parent company of Cooper-Standard Automotive Inc. announced its intention to restructure its European manufacturing footprint based on current and anticipated market demands. The restructuring effort aims to further improve Cooper Standard's European capability by removing excess capacity, improving cost structure and shifting some production to its Eastern European facilities. Actions include consolidation of operations to improve efficiencies and closure or downsizing of certain facilities with high costs and unutilized capacity in Western Europe, including Germany and France. Cooper Standard expects to complete these restructuring activities by the end of 2017. The actions announced are subject to consultation with employee works councils and other approvals. Cooper Standard expects to recognize total expense related to these actions of approximately $120-$125 million over the next three years. Cooper Standard anticipates these restructuring activities to provide approximately $50-$55 million in annualized savings after completion.
Cooper-Standard Holdings Inc and Cooper Standard Announce Cash Tender Offers and Related Consent Solicitations
Mar 21 14
Cooper-Standard Holdings Inc. announced that it is commencing a cash tender offer for its outstanding Senior PIK Toggle Notes due 2018 (CUSIP No. 21687W AA3) ("HoldCo Notes") and that its subsidiary Cooper Standard is commencing a cash tender offer for its outstanding 8 1/2 % Senior Notes due 2018 (CUSIP No. 216762 AE4). The Offers are for any and all of the outstanding Notes, upon the terms and subject to the conditions set forth in the applicable Offer to Purchase and Consent Solicitation Statement, each dated March 21, 2014, and in the related Letter of Transmittal and Consent (collectively, as amended or supplemented from time to time, the "Offer Documents). In connection with an Offer, and on the terms and subject to the conditions set forth in the relevant Offer Documents, Holdings and Cooper Standard are soliciting consents (each, a "Consent Solicitation" and collectively, the "Consent Solicitations") of holders of the applicable Notes to authorize the elimination of most of the restrictive covenants and certain of the events of default contained in the applicable indenture pursuant to which such Notes were issued (the "Proposed Amendments"). In each case, holders may not tender their Notes without delivering their consents to the Proposed Amendments and may not deliver consents to the Proposed Amendments without tendering their Notes. Each of Holdings and Cooper Standard is seeking consents to the Proposed Amendments with respect to the applicable Notes as a single proposal in each case. The early tender deadline for the Offers is 5:00 p.m., New York City time, on April 3, 2014 (such time and date, as it may be extended for either series of Notes, the Early Tender Deadline), and the Offers will expire at 12:00 midnight, New York City time, at the end of the day on April 18, 2014 (such time and date, as it may be extended for either series of Notes, the "Expiration Time), in each case, unless extended or earlier terminated by Holdings or Cooper Standard, as applicable. Notes tendered may be withdrawn at any time at or before 5:00 p.m., New York City time, on April 3, 2014 (such time and date, as it may be extended for either series of Notes, the Withdrawal Deadline) but not thereafter, except as required by law. Each of Holdings and Cooper Standard may extend the Early Tender Deadline with respect to the applicable series of Notes without extending the related Withdrawal Deadline.
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