By Dennis Seid/NEMS Daily Journal
Cooper Tire announced this morning it has merged with India-based Apollo Tyres in a $2.5 billion all-cash deal.
Findlay, Ohio-based Cooper Tire & Rubber Co. has its largest U.S. manufacturing plant in Tupelo, where it employs some 1,200 people.
The combined tire company will be the seventh-largest in the world. Pending approval, the deal is expected to be complete by the second half of this year.