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Cooper-Standard, in a move to diversify beyond the auto industry, said it agreed to a pair of rubber and plastics parts units from Lauren International. Terms were not disclosed.
Cooper-Standard's first-quarter net income rose 36 percent to nearly $57 million behind $53 million of favorable exchange rate fluctuations.
Detroit brake- and fuel-line supplier Cooper-Standard sees a robust period ahead, thanks in large part to its mobilization in China.
Cooper-Standard expects to double China revenues by 2021 by expanding output of sealing, fuel system and anti-vibration components to meet rising auto production, CEO Jeffrey Edwards said.
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