PRINT THIS PAGE Cypress Group and Goldman Sachs to buy car parts business20/09/2004. Source: AltAssets. 
 Private equity firms Cypress Group and Goldman Sachs Capital Partners have agreed to buy the car parts division of Cooper Tire & Rubber for $1.17bn.
Cooper-Standard Automotive makes fluid handling and body sealing systems and vibration control equipment for car manufacturers. The division generated net sales of $1.6bn in 2003.
The acquisition represents Cypress Group's second auto-parts deal this year. The firm bought Dana Corp. for $1.1bn in July.
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