Cooper Standard To Divest Its Anti-vibration Systems Business To Continental AG

(RTTNews) - Cooper Standard (CPS) announced an agreement regarding the divestiture of its anti-vibration systems business to Continental AG. The agreement includes a binding offer from Continental AG to purchase substantially all of Cooper Standard's anti-vibration business in France and its respective interest in the joint venture in India.

Cooper Standard's AVS business has approximately 1,000 employees and offers a comprehensive portfolio of anti-vibration systems, technologies and products to automotive OEMs that mitigate vehicle NVH (noise, vibration and harshness), and enhance ride and handling.