Cooper Tire & Rubber acquires controlling interest in Shandong Chengshan Tire Company
Clients Cooper Tire & Rubber Company
Jones Day advised Cooper Tire & Rubber Company in the formation of two joint ventures to acquire a controlling interest in Shandong Chengshan Tire Company, Ltd. The agreement also includes a 25% ownership position for Cooper in a steel cord factory located in Rongchen, China. Cooper's cash investment is approximately $70 million.