Advised on Sale of CompanyAutomotive
Acquired 100% of Business Operations
Advised CMP Automotive Group (CMP) on the sale of its sealing systems engineering division to Cooper Standard. With this deal, Cooper Standard integrates one of its key engineering suppliers into its own processes. It provides Cooper Standard with critical know-how, which will enable it to reinforce its strategic position against the main competitors in the sector.
CMP’s sealing systems engineering division has maintained a long-lasting business relationship with Cooper Standard. This division was considered to be non-core by CMP within its current strategy and the transition of ownership is expected to be uneventful. CMP manufactures rubber-metal anti-vibration and sealing devices, mainly for the automotive industry. The group’s overall revenue for 2018 was circa €300 million.
Cooper Standard is a global supplier of systems and components for the automotive industry, including rubber and plastic sealing systems, fuel & brake delivery systems and anti-vibration systems, among others. Listed on the NYSE, it has reported sales volumes of circa $3.6 billion.