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Section: Rubber
  • Written on 15.02.2012 - Industry
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Cooper Standard buys sealing business of Sigit

Effective 1 January 2012, Cooper Standard has acquired the automotive sealing business of Sigit S.p.A., operated primarily from manufacturing locations in Chivasso, Italy, and Poland.

Financial details were not disclosed. Through the acquisition, Cooper Standard will consolidate the machinery, contracts, and intellectual property of Sigit’s sealing business, as well as approximately 80 employees, into its existing Cirie, Italy; Battipaglia, Italy; and Piotrkow, Poland, operations. The transition is slated to occur over the next four to six months. Sigit supplies numerous global automakers, including Fiat, Ford, GM, Renault, VW, and major Tier 1 suppliers, including Denso, Johnson Controls, Lear, and TRW.


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