Cooper Tire & Rubber Company has finalized its acquisition of Mexican joint venture CorporaciĆ³n de Occidente (COOCSA). The plans to purchase the tire plant of which it formerly owned 58%, were first announced in November 2019.
āFull ownership of COOCSA is part of our strategic plan to optimize Cooperās global manufacturing footprint with cost-competitive production of quality tires in key geographies,ā said Cooper president and chief executive officer Brad Hughes.
āWe are excited to continue working with the team in Mexico as we look forward to enhancing the facilityās global competitiveness in the tire industry.ā
