Holcim acquires Cooper Standard Technical Rubber
3 Aug 2023
German-based sheeting, compounds and flooring producer expands Holcim’s position in Europe
Zug, Switzerland – Holcim has acquired Cooper Standard Technical Rubber GmbH (CSTR), a German-based maker of rubber products used in roofing and other applications.
The acquisition, from Cooper Standard Holdings Inc., will help Holcim to grow its roofing business across Europe, said the Swiss group's 2 Aug announcement.
Mannheim, Germany-based CSTR, stated Holcim, "offers an innovative R&D department, state-of-the-art production [facilities] as well as an experienced team of 130 employees.”
“By expanding our roofing systems offering, we can play a bigger role in providing solutions for energy-efficient buildings,” said Jamie Gentoso, Holcim's global head, solutions & products.
According to Holcim, CSTR is strategically located and complements its other recent acquisitions in the areas of roofing and insulation.
The Swiss group said it will continue CSTR`s existing business activities, while expanding the business under the new name of Holcim Technical Solutions & Products GmbH.
Holcim’s stated strategy is to expand its solutions & products business to 30% of group net sales by 2025, by entering attractive segments of the construction market.
In a separate statement, Northville, Michigan-based Cooper-Standard said the sale of its 'technical rubber' – sheeting, compounding and flooring – business was finalised on 31 July.
"Cooper Standard is committed to our ‘technical rubber’ team and ensuring a smooth transition for our employees," said Ramsey Changoo, VP and managing director of its ‘industrial and specialty’ unit.
"Holcim is an ideal partner for this transition as it is focused on further growing the business and leveraging the expertise of the ‘technical rubber’ team," concluded Changoo.
Terms of the sale were not disclosed.
Image: Holcim
