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Cooper-Standard Automotive Opens European Headquarters
for Corporate Financial Services in Amsterdam, Netherlands
Novi, Mich., April 14, 2008 - A new European financial services office for Cooper-Standard Automotive's European operations was recently opened in Amsterdam, Netherlands.
Located at Prof J.H. Bavincklaan 5 in Amstelveen, Cooper-Standard International Holdings BV will house the European Tax, Treasury and some Accounting groups for the Corporation, which is headquartered in Novi, Mich., United States. This location was established to support Cooper-Standard's expanding European business and legal entity organization within Europe. The Amsterdam headquarters is located close to the growing Dutch financial hub within Amsterdam, as well as Schipol Airport for easy access to all destinations within Europe.
"The establishment of the Amsterdam office for Financial Services is in direct support of Cooper-Standard's expanded European footprint and our commitment to growing our business in Europe," said CFO Allen Campbell.
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 automotive industry. Products include body sealing systems, fluid handling systems, and NVH control systems. Cooper-Standard Automotive Inc. employs approximately 19,000 people globally with more than 70 facilities throughout the world. For more information, visit the company's Web site at: www.cooperstandard.com.
Cooper-Standard is a privately-held portfolio company of The Cypress Group and Goldman Sachs Capital Partners Funds.
The Cypress Group is a private equity investment firm managing more than $3.5 billion of capital. Cypress has an extensive track record of making growth-oriented investments in targeted industry sectors and building equity value alongside proven management teams.
Founded in 1869, Goldman Sachs is one of the oldest and largest investment banking firms. Goldman Sachs is also a global leader in private corporate equity and mezzanine investing. Established in 1991, the GS Capital Partners Funds are part of the firm's Principal Investment Area in the Merchant Banking Division. Since 1986, Goldman Sachs' Principal Investment Area has formed 13 investment vehicles aggregating $56 billion of capital to date.
Contact for Media:
Sharon Wenzl, vice president, Corporate Communications, Cooper-Standard Automotive, (248) 596-6211, sswenzl@cooperstandard.com
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