Holcim bids to acquire Cooper Standard unit in Germany

Bonn, Germany – Holcim Solutions and Products Germany GmbH is seeking to buy Cooper Standard Technical Rubber GmbH, a filing with Germany's Bundeskartellamt competition authority shows.

The Holcim company, formerly Firestone Building Products Germany, is acquiring ‘shares in and control in’ the Cooper Standard unit, according to the 'ongoing merger control' details filed 23 June

Cooper Standard Technical Rubber of Edingen-Neckarhausen is stated to produce 'road marking tapes, film products, rubber compounds for EPDM, aviation floors, natural rubber and silicone, nitrile, SBR.'

Acquisition of the German firm is inline with an ambitious expansion strategy at Holcim Group, which achieved estimated global rubber products sales of about $2.2 billion in 2022.

Swiss-based Holcim says its construction materials & products division is on track to achieve sles of $4 billion (€3.6 billion) by 2025.

This followed the Zug, Switzerland company’s $3.4-billion acquisition of Firestone Building Products from Bridgestone in 2021.