Hogan Lovells team advised Cooper Tires & Rubber Company in a buyout of Corporación de Occidente

Mexico City, 5 February 2020 –International law firm Hogan Lovells advised Cooper Tire & Rubber Company in its negotiation to increase its equity participation from 58% to 100% in Corporación de Occidente, S.A. de C.V. (COOCSA), a company that owns the Cooper Tire manufacturing plant in Mexico. COOCSA was a joint venture between Cooper and Trabajadores Democráticos de Occidente, S.C. de R.L. de C.V. (TRADOC). TRADOC is a tire-producing cooperative that was born many years ago as a result of a workers' strike against a former tire company Euzkadi.

Cooper’s 100% ownership of COOCSA will optimize Cooper's global manufacturing footprint with cost-competitive production of quality tires in key geographies.

Mexico partners Juan Francisco Torres-Landa R, Hugo Hernández-Ojeda Alvírez, and Arturo Tiburcio led the transaction along with senior associates José Antonio Noguera and Francisco Palmero.


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