Hogan Lovells assists Cooper Tires in Mexico consolidation

Hogan Lovells has advised Cooper Tire & Rubber Company in its negotiation to increase its equity participation from 58 per cent to 100 per cent in Corporación de Occidente (COOCSA), a company that owns the Cooper Tire manufacturing plant in Mexico, further consolidating the US tyre manufacturer’s operations in the country.

COOCSA was a joint venture between Cooper and Trabajadores Democráticos de Occidente (TRADOC), a tyre-producing cooperative formed as a result of a workers’ strike against a former tyre company Euzkadi.

Cooper’s 100-per cent ownership of COOCSA will optimise Cooper’s global manufacturing footprint with cost-competitive production of quality tyres in key geographies, the law firm said.

Mexico partners Juan Francisco Torres-Landa (pictured), Hugo Hernández-Ojeda Alvírez, and Arturo Tiburcio led the transaction, along with senior associates José Antonio Noguera and Francisco Palmero.