Cooper finalizes retread purchase

July 3, 2001
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.

Sponsored Recommendations

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry at our April 16th webinar, where experts will share insights on competitive pay...

Stop Sweating Temperature Excursions

Advanced chemical indicators give you the peace of mind that comes from reliable insights into your supply chains. Compromised shipments can be identified the moment they arrive...

Stop Sweating Temperature Excursions

Advanced chemical indicators give you the peace of mind that comes from reliable insights into your supply chains. Compromised shipments can be identified the moment they arrive...

How Electric Vehicles Help You Prolong the Life of Your Fleet

Before adopting electric vehicles for commercial/government fleets, prioritize cost inquiries. Maintenance is essential; understand the upkeep of EV fleets. Here’s what you need...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!