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PRESS RELEASE
FOR IMMEDIATE RELEASE
CONTACTS: BARRY VON LANKEN
COOPER-STANDARD AUTOMOTIVE
260/927-3314
BGVONLANKEN@COOPERSTANDARD.COM
DICK PACINI
AUTOPR
248/656-2388
DPACINI@AUTO-PR.COM
COOPER-STANDARD AUTOMOTIVE COMPLETES ACQUISITION OF
ITT INDUSTRIES' AUTO FLUID HANDLING SYSTEMS
NOVI, MICH. - FEBRUARY 7, 2006 - Cooper-Standard Automotive today announced it
has completed the acquisition of the Fluid Handling Systems business of ITT
Industries Inc. (NYSE: ITT) in a transaction valued at approximately $205
million.
The acquisition enhances Cooper-Standard's offering of steel and plastic tubing
for fuel and brake lines and quick-connects, and enables the company to provide
customers with a more complete line of fluid management solutions for new
vehicle platforms.
"This acquisition is another important step for us in our continuing and
strategic efforts to lead the industry with a broad range of products that meet
the growing needs of our global customers", said Jim McElya, president and CEO,
Cooper-Standard Automotive.
"The combination of the ITT Fluid Handling business with the Cooper-Standard
Automotive Fluid Systems Division brings together two of the most
customer-focused and innovative fluid carrying companies in the industry.
Together these two businesses complement one another extremely well both in
product innovation and manufacturing excellence", commented Larry Beard,
president Global Fluid Systems.
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. Including
this latest acquisition Cooper-Standard Automotive Inc. employs more than 16,500
people across 61 facilities in 14 countries. For more information, visit the
company's Web site at: www.cooperstandard.com.
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EX - 99 . 1 4 file004 . htm PRESS RELEASE FOR IMMEDIATE RELEASE CONTACTS : BARRY VON LANKEN COOPER - STANDARD AUTOMOTIVE 260 / 927 - 3314 BGVONLANKEN@COOPERSTANDARD.COM DICK PACINI AUTOPR 248 / 656 - 2388 DPACINI@AUTO-PR.COM COOPER - STANDARD AUTOMOTIVE COMPLETES ACQUISITION OF ITT INDUSTRIES ' AUTO FLUID HANDLING SYSTEMS NOVI , MICH . - FEBRUARY 7 , 2006 - Cooper - Standard Automotive today announced it has completed the acquisition of the Fluid Handling Systems business of ITT Industries Inc . ( NYSE : ITT ) in a transaction valued at approximately $ 205 million . The acquisition enhances Cooper - Standard 's offering of steel and plastic tubing for fuel and brake lines and quick - connects , and enables the company to provide customers with a more complete line of fluid management solutions for new vehicle platforms . " This acquisition is another important step for us in our continuing and strategic efforts to lead the industry with a broad range of products that meet the growing needs of our global customers " , said Jim McElya , president and CEO , Cooper - Standard Automotive . " The combination of the ITT Fluid Handling business with the Cooper - Standard Automotive Fluid Systems Division brings together two of the most customer - focused and innovative fluid carrying companies in the industry . Together these two businesses complement one another extremely well both in product innovation and manufacturing excellence " , commented Larry Beard , president Global Fluid Systems . 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 . Including this latest acquisition Cooper - Standard Automotive Inc . employs more than 16,500 people across 61 facilities in 14 countries . For more information , visit the company 's Web site at : www.cooperstandard.com . # # #