Cooper Tire announce plans to own 100% of Mexico tire facility

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Cooper Tire announced it plans to increase ownership in its Mexico joint venture tire manufacturing facility, Corporación de Occidente S.A. de C.V. (COOCSA), from 58 percent to 100 percent.

Trabajadores Democraticos de Occidente S.C. de R.L. de C.V. (TRADOC), which owns 42 percent of the joint venture, have entered into a definitive agreement under which Cooper Tire will purchase TRADOC’s stake in COOCSA.

Read the source article at Traction News