Cooper-Standard to become largest shareholder of Huayu-Cooper Standard Sealing Systems  [ China ]

Cooper-Standard Holdings Inc. announced it has agreed to purchase an additional 47.5 percent of Huayu-Cooper Standard Sealing Systems Co., Ltd., its joint venture with Huayu Automotive Systems Co. Upon completion, Cooper Standard will become the 95 percent equity owner of the business, while 5 percent will be retained by the Shanghai Zhaotun Collective Assets Managing Co. This acquisition is an...