Cooper Tire to merge with Indian tire company

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.

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