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Company Description

Contact Info

701 Lima Avenue

Findlay, OH 45840

United States

Phone: 419-423-1321


Cooper Tire & Rubber Company, together with its subsidiaries, operates as a manufacturer and marketer of replacement tires in North America. Segments The company is organized into four business segments: North America (including the company’s operations in the United States (U.S.) and Canada), Latin America (including the company’s operations in Mexico, Central America, and South America), Europe, and Asia. The company’s segments include Americas Tire Operations and International Tire Operations. Americas Tire Operations This segment manufactures and markets passenger car and light truck tires, primarily for sale in the U.S. replacement market. This segment also has a joint venture manufacturing operation in Mexico, Corporacion de Occidente SA de CV, which supplies passenger car tires to the U.S., Mexican, Central American, and South American markets. This segment also distributes tires for racing, medium trucks and motorcycles. The racing and motorcycle tires are manufactured in the company’s European Operations and by others. The medium truck tires are sourced through an off-take agreement with Prinx Chengshan (Shandong) Tire Company Ltd. Major distribution channels and customers include independent tire dealers, wholesale distributors, regional and national retail tire chains, and large retail chains that sell tires, as well as other automotive products. This segment does not sell its products directly to end users, except through three company-owned retail stores. This segment sells various tires to original equipment manufacturers. This segment’s replacement tire business has a customer base that includes purchasers of proprietary brand tires that are marketed and distributed by the company and private label tires, which are manufactured by the company and marketed and distributed by the company’s customers. This segment is a major supplier of private label tires in the U.S. Competition: This segment competes with Bridgestone Corporation, Goodyear Tire & Rubber Company, and Groupe Michelin. International Tire Operations This segment is the combination of the Asia and Europe operating segments. The European operations have manufacturing facilities in the United Kingdom (U.K.) and the Republic of Serbia (Serbia). The U.K. entity manufactures and markets passenger car, light truck, motorcycle and racing tires and tire retread material for the domestic and global markets. The Serbian entity manufactures light vehicle tires primarily for the European markets and for export to the U.S. The Asian operations are located in the People’s Republic of China (PRC). In the PRC, Cooper Kunshan Tire manufactures light vehicle tires, and under an agreement with the government of the PRC, these tires were exported to markets outside of the PRC through 2012. Beginning in 2013, tires produced at the facility have also been sold in the domestic market. Competition: This segment competes with Bridgestone Corporation, Goodyear Tire & Rubber Company, and Groupe Michelin. Research, Development, and Product Improvement The company’s research and development expenditures were $52 million during 2015. Patents, Intellectual Property, and Trademarks The trademarks that the company considers significant to its business are those using the words ‘Cooper’, ‘Mastercraft’, and ‘Avon’. History Cooper Tire & Rubber Company was founded in 1913. The company was incorporated in the state of Delaware in 1930.


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Price/Cash Flow 7.2x
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