Cooper finalizes retread purchase

The Cooper Tire and Rubber Co. has finalized its purchase of Hercules’ retread operations for approximately $8.5 million. Cooper says it plans to use the assets purchased from Hercules to support the growth of its tread rubber and radial medium truck tires to independent tire dealers. More than 200 former Hercules retread customers will have access to the tread rubber products through Oliver, the

The Cooper Tire and Rubber Co. has finalized its purchase of Hercules’ retread operations for approximately $8.5 million.

Cooper says it plans to use the assets purchased from Hercules to support the growth of its tread rubber and radial medium truck tires to independent tire dealers. More than 200 former Hercules retread customers will have access to the tread rubber products through Oliver, the nation’s second largest retread supplier, which has an alliance with Cooper.

Cooper Tire services Oliver retread dealers from three U.S. distribution points: Asheboro, NC, Tupelo, MS and Salt Lake City.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish