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PRESS RELEASE: Cooper Tire announces intent to buy Hercules retreading assets.
Cooper Tire & Rubber Co (Cooper Tire) announced its intention to purchase certain manufacturing assets used in Hercules' retread operation and will soon begin to supply retread products to customers formerly served by Hercules.
The purchase does not include any facilities, as Cooper Tire will further utilize existing resources.
This purchase will significantly increase sales in the Oliver Retreading Systems and Products unit, which is a part of Cooper Tire's new commercial division.
Also included in this sale are certain assets of the Cedco equipment division, which will benefit Oliver's Salisbury …
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