Cooper Standard to Establish Joint Venture With FMEA Combining Its French Sealing Business With Societe des Polymeres Barre Thomas

By Cooper Standard, PRNE
Tuesday, April 19, 2011

NOVI, Michigan, April 20, 2011 - Cooper Standard announced today that it has signed an agreement with
Fonds de Modernisation des Equipementiers Automobiles (FMEA) to establish a
joint venture that would combine Cooper Standard's French body sealing
operations and the operations of Societe des Polymeres Barre-Thomas (SPBT).
SPBT is a French supplier of anti-vibration systems and low pressure hoses,
as well as body sealing products, which FMEA will acquire as a preliminary
step to the joint venture transaction. The joint venture entity, to be named
Cooper Standard France, will be owned 51 percent by Cooper Standard and 49
percent by the FMEA.

Cooper Standard France is expected to generate 2011 sales, on a pro forma
basis, totaling approximately euro 230 million, with operations including
three manufacturing facilities in France and one in Poland, and a 50 percent
interest in an anti-vibration systems business in India. The transaction is
expected to close in the second quarter of 2011.

"We are pleased to partner with FMEA in combining our French body
sealing business with SPBT's operations," said Jim McElya, chairman and CEO,
Cooper Standard. "This is a significant step in Cooper Standard's overall
global strategy, as it not only expands our existing body sealing capability,
but also provides anti-vibration and hose capability in Europe. This
transaction rounds out our global offering in these product lines and further
enables us to provide our broad product portfolio to customers in all major
automotive markets. The joint venture will strengthen our partnership with
the French automakers in the French and European markets, and everywhere in
the world they do business."

About Cooper Standard Automotive:

Cooper Standard, headquartered in Novi, Mich., is a leading global
supplier of systems and components for the automotive industry. Products
include body sealing systems, fluid handling systems and anti-vibration
systems. Cooper Standard employs approximately 19,000 people globally and
operates in 18 countries around the world. For more information, please visit
the company's website at

About Societe des Polymeres Barre Thomas:

Societe des Polymeres Barre Thomas, based in Rennes, France, specializes
in the design and production of polymer-based systems. Its activity is
concentrated on 4 product families in the automotive industry, including
seals, anti-vibration systems, moldings and hoses, manufactured in Rennes and
Czestochowa, Poland. The group has also set up a joint venture in India. The
group employs approximately 1,665 people.

About FMEA:

Fonds de Modernisation des Equipementiers Automobiles (FMEA) is a Fonds
Commun de Placement a Risques (French type of venture capital mutual fund -
"FCPR"), jointly owned by Renault SA, PCA Peugeot Citroen and the Fonds
Strategique d'Investissement. It achieves capital investments in French
automotive suppliers that can play a strategic role both for their customers
and for the automotive industry as a whole, with a strong R&D capacity and an
international presence.

Sharon S. Wenzl, Cooper Standard, +1-248-596-6211, sswenzl at; or Adriana Ferrari aferrari at, or Jim Bianchi, jbianchi at, both of Bianchi Public Relations, Inc., +1-248-269-1122

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