Cooper Tire & Rubber Company’s Focus is the Replacement Tire Market

Headquartered in Findlay, Ohio, Cooper Tire & Rubber Company is the parent company of a worldwide family of companies. Cooper Tire has manufacturing, sales, distribution, technical, and design operations within its family of companies located in greater than a dozen countries globally. The Company’s emphasis is the replacement tire market.  In 2015, Cooper Tire & Rubber Company’s sales were $2.97 billion.

The Company’s Management Team has close to 200 years of combined auto/tire industry experience. Cooper’s ROIC (Return on Invested Capital) average is 15 percent over the past seven years.

Cooper’s worldwide family of companies specializes in the design, manufacture, marketing, and sale of passenger car, light truck, medium truck, motorcycle, and racing tires. Cooper Tire & Rubber Company is one of two United States based tire companies. It is the fifth largest tire manufacturer in North America. Moreover, it is the 12th largest international tire manufacturer.

Cooper has over 10,000 employees across four continents. Most of the Company’s growth is led by emerging markets, in particular China and Latin America. In 2014, Cooper Tire & Rubber Company marked its 100th year in the tire business. The distribution of Cooper tires is through independent dealers, regional retailers, wholesalers, and national retailers.

Its flagship brand is its namesake – Cooper. In addition, it designs and manufactures tires under the Mastercraft, Dean (a commercial truck tire brand in Asia), Starfire, Roadmaster (commercial tires for every application), Avon Tyres (one of Europe’s top tire brands), Mickey Thompson, Dick Cepek, and Mentor brands. The Mickey Thompson brand markets racing and high-performance tires and wheels for street, strip, truck, and off-road applications.

Cooper’s tires undergo development and design at its technical centers in Findlay, Ohio; Melksham, England; and Kunshan, China. Also, the Company has its Cooper Tire & Vehicle Test Center near San Antonio, Texas. This is a world-class test facility where Company products undergo evaluation and refining.

The Company is transforming its operations. Phase I progress so far includes it opening, acquiring, as well as growing plants in Mexico, China and Serbia. Its Phase II (medium-term) goals include attaining 8 percent – 10 percent Operating Margin, and continuing the transition to HVA/premium brand products in North America. Cooper’s Phase III (long-term) goal is to attain $5 – $6 billion in net sales, as well as attain 10+ percent Operating Margin on a consistent basis.

This month, Cooper Tire & Rubber Company announced that the Cooper Zeon RS3-G1 earned a 2016 GOOD DESIGN® Award from The Chicago Athenaeum Museum of Architecture and Design and the European Centre for Architecture Art Design and Urban Studies for its design excellence. The GOOD DESIGN® Award is one of the world’s most prestigious and longest-standing design award programs recognizing new consumer products designed and manufactured in Europe, Asia, Africa, and North and South America. The Cooper Zeon RS3-G1 was chosen from several thousand entries from over 55 countries.

Cooper Tire & Rubber Company has paid dividends every quarter for over 40 years. The Company had $450 million in cash and cash equivalents as of September 30, 2016, and a low debt profile.