GSK Stockmann advised Cooper Standard Group, headquartered in Michigan, USA, on the sale of its German Technical Rubber business to Holcim, headquartered in Zug, Switzerland.
Cooper Standard with approximately 23,000 employees and locations in 20 countries is a leading global supplier of sealing and fluid handling systems and components. Utilizing its materials science and manufacturing expertise, Cooper Standard creates innovative and sustainable engineered solutions for diverse transportation and industrial markets. Based in Mannheim, Germany, Cooper Standard Technical Rubber GmbH (CSTR) offers versatile sheeting, compounding and flooring solutions, with its innovative research and development team, state-of-the-art production equipment as well as an experienced labour force of 130 employees.
The purchaser, Holcim, is a global leader in innovative and sustainable building solutions. Employing 60,000 employees, it is on a mission to decarbonize building, while improving living standards for all. With its innovative systems, Holcim makes buildings more sustainable in use, driving energy efficiency and green retrofitting.
Holcim will continue CSTR`s business activities to serve its existing customer base under the new name Holcim Technical Solutions & Products GmbH.
The sale of CSTR to Holcim was completed on 31 July 2023. A GSK Stockmann team led by Jennifer Bierly and Florian Kossmann provided Cooper Standard with comprehensive advice on the negotiation, conclusion and closing of the transaction. The parties have agreed not to disclose the terms of the sale.
Advisers of Cooper Standard:
GSK Stockmann: Jennifer Bierly (lead, M&A), Florian Kossmann (M&A), Jörg Kahler (Commercial), Dominik Berka (Tax); Wolfgang Jegodka (Competition & Antitrust); Jerome Bessling (M&A)
