COOPER Standard has acquired the automotive sealing business of Michigan-based Jyco Sealing Technologies. The acquisition took effect on July 31.
The business acquired in the transaction is operated from Jyco’s manufacturing locations in Canada, Mexico and China. Terms of the sale were not disclosed.
Jeffrey Edwards, Chairman and CEO, Cooper Standard, said, “The integration of Jyco Sealing Technologies into Cooper Standard’s global sealing business directly aligns with the company’s growth strategy by strengthening important customer relationships and further solidifying Cooper Standard’s position as the global leader in automotive sealing systems,”
The 800-workforce Jyco is a pioneer in thermoplastic vulcanisate (TPV) sealing technology and has supplied sealing systems and components to the automotive industry.