Cooper-Standard Automotive Release of Financial Information
NOVI, Mich., Jan. 19, 2006 -- As previously reported, Cooper- Standard Automotive entered into a definitive agreement to acquire the Fluid Handling Systems business of ITT Industries, Inc. in a transaction valued at approximately $205 million. Today Cooper-Standard Automotive disclosed certain historical financial information relating to that business, which has been posted on the company's website at http://www.cooperstandard.com/ under the Investor Relations/Presentations link. Cooper Standard Automotive is sending out this release to comply with Federal Regulation FD.
About Cooper-Standard Automotive
Cooper-Standard Automotive Inc., headquartered in Novi, Mich., is a leading global automotive supplier specializing in the manufacture and marketing of systems and components for the transportation industry. Products include body-sealing systems, fluid handling systems, and NVH control systems. Cooper-Standard Automotive Inc. employs more than 13,000 people across 47 facilities in 14 countries. For more information, visit the company's Web site at: http://www.cooperstandard.com/ .
Cooper-Standard is a privately-held portfolio company of The Cypress Group and Goldman Sachs Capital Partners.
The Cypress Group is a private equity investment firm managing more than $3.5 billion of capital. Cypress has an extensive track record of making growth-oriented investments in targeted industry sectors and building equity value alongside proven management teams.
Founded in 1869, Goldman Sachs is one of the oldest and largest investment banking firms. Goldman Sachs is also a global leader in private corporate equity and mezzanine investing. Established in 1991, the GS Capital Partners Funds are part of the firm's Principal Investment Area in the Merchant Banking Division. Goldman Sachs' Principal Investment Area has formed 11 investment vehicles aggregating $26 billion of capital to date.