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Deloitte & Touche Corporate Finance Limited Advises Cooper Tire

Highlights of DTCFL’s Cross-Border M&A Capabilities

Deloitte & Touche Corporate Finance

Deloitte & Touche Corporate Finance Limited* (DTCFL) has advised Cooper Tire & Rubber Company (CTR) in its acquisition of Chengshan Group’s tire manufacturing business. 

DTCFL was selected as the exclusive financial advisor by demonstrating the “winning formula” based on its market knowledge and M and A capability in China.  DTCFL launched the target search program according to CTR’s market entry strategies, and initiated contact with Chengshan Group on behalf of CTR after it had been identified as a preferred target. 

CTR is a global company that specializes in the design, manufacture, marketing and sales of passenger car, light truck and medium truck tires with sales in 2005 of approximately US $2.1 billion. Chengshan Group is the third largest Chinese-owned tire manufacturer with replacement, OE and export sales in 2005 of approximately US $500 million.

About Cooper Tire & Rubber Company and Chengshan Group
Cooper Tire & Rubber Company is a global company that specializes in the design, manufacture, marketing and sales of passenger car, light truck, medium truck tires. With headquarters in Findlay, Ohio, Cooper Tire has 40 manufacturing, sales, distribution, technical and design facilities within its family of companies located around the world. CTR reported sales of US$ 2.1 billion in 2004.

Chengshan Group is the 3rd largest Chinese-owned tire manufacturer with replacement, OE and export sales in 2005 of approximately $500 million. The company makes passenger car and light truck radials as well as radial and bias commercial tires primarily under the brand names Chengshan and Austone.

*Deloitte & Touche Corporate Finance Limited is an affiliate of the DTT Member firm of Deloitte Touche Tohmatsu, Hong Kong.

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