Cooper Standard Agrees to Acquire Lauren Manufacturing and Lauren Plastics

Glass Magazine
July 9, 2018
COMMERCIAL, FABRICATION

Cooper Standard agreed to acquire Lauren Manufacturing and Lauren Plastics, subject to regulatory approvals and related parties' consent. The companies that are to be acquired are extruders and molders of organic, silicone, thermoplastic and engineered polymer products with expertise in sealing solutions for industrial applications. Terms of the acquisition were not disclosed.

"This transaction strengthens Cooper Standard's position in non-automotive and adjacent markets with an organization that is aligned with us culturally and brings with it mature and established systems, along with excellent performance," says Jeffrey Edwards, chairman and CEO of Cooper Standard. "Lauren Manufacturing and Plastics will become part of our portfolio to accelerate our entire sealing offering into new markets."

The ISG business of Cooper Standard is responsible for accelerating growth and maximizing the value of the Company's products and technologies in non-automotive and specialty markets. This acquisition expands ISG's sealing product line in key segments, including building and construction.

Cooper Standard is pleased to welcome more than 500 Lauren employees across four facilities – two in New Philadelphia, Ohio; one in Kent, Ohio; and one in Spring Lake, Michigan – to Cooper Standard.