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.

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