Thursday, Jun 30, 2016
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Economy

Cooper Tire completes deal for Chinese firm

FINDLAY - Cooper Tire & Rubber Co. said yesterday it has completed a deal to buy a Chinese tire manufacturer.

The Findlay tire maker will acquire 51 percent of Cooper Chengshan Passenger Tire Co. The deal also includes part ownership in a steel cord factory in China.

The Chinese tire maker, with $500 million in sales a year ago, will continue to make passenger, light truck, and commercial tires.

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