Cooper Standard has entered into an agreement with AMI Industries to acquire the automotive fuel and brake business of AMI Industries and related companies.
The North American business was acquired in this transaction effective August 15, 2016. The acquisition of the China portion of the business is subject to regulatory approval. Terms of the acquisition were not disclosed.
Cooper Standard chairman and CEO Jeffrey Edwards said: "The integration of AMI Industries' fuel and brake business directly aligns with Cooper Standard's profitable growth strategy and globally strengthens the Company's position to further service our customers."
AMI Industries was established in 2000 to provide tube products to the agriculture, construction, automotive, heavy truck and marine industries.
As a natural extension of the tube product line, the company expanded into the fuel and brake business in 2008. Headquartered in Michigan, AMI operates manufacturing plants in Michigan, Indiana and China.
