Cooper Tire & Rubber Company Company History Timeline

1914
The Cooper name has a proud and storied heritage that goes back more than 100 years to 1914, when brothers-in-law John F. Schaefer and Claude E. Hart purchased M and M Manufacturing Company in Akron, producing tire patches, tire cement and tire repair kits.
In 1914 brothers-in-law John F. Schaefer and Claude E. Hart bought the M and M Manufacturing Company in Akron, Ohio.
The earliest corporate lineage for Cooper Tire was the M and M Manufacturing Company, founded in 1914 in Akron, Ohio by John F. Schaefer and Claude E. Hart, who were related by marriage.
1915
Poor tire quality also prompted consumers to seek rebuilt tires, and in 1915 Schaefer and Hart purchased a tire rebuilding business, The Giant Tire Rubber Company, also in Akron.
1919
Fire destroyed the main building of the Giant plant in 1919, but reconstruction of a new, single story plant began immediately.
The Cooper name originates from 1919 when Cincinnati auto-parts dealer I. J. Cooper formed The Cooper Corporation in Findlay, to manufacture new tires.
1920
The origins of the Cooper name go back to 1920, when Ira J. Cooper, a director for the company Schaefer and Hart, formed the Cooper Corporation.
1930
The Cooper Corporation, the M and M Company, and The Falls Rubber company merged in 1930 to form the Master Tire and Rubber Company.
1941
Ira J. Cooper died in 1941, the first year the Cooper oval trademark was registered and used.
1945
The company's contribution to the war effort was acknowledged in 1945 by the armed forces in a special ceremony bestowing the Army-Navy E Award.
1956
In 1956 Cooper purchased a plant from the Dismuke Tire and Rubber Company in Clarksdale, Mississippi.
Gorr was succeeded as chairman and CEO by Pat Rooney, a 40-year company veteran who had joined the company right out of college in 1956.
1960
W.B. Brewer took Cooper Tire public, and on July 11, 1960, the company was listed on the New York Stock Exchange under the ticker symbol CTB, the B standing for Brewer.
1964
In 1964 an industrial rubber products division was established as a separate corporation known as Cooper Industrial Products, Inc.
A research and engineering building was added to the location in 1964 to accommodate testing, laboratories, tire design, engineering, and sales training operations.
1973
Cooper completed research and development of its own radial tire manufacturing equipment and in-house product testing in 1973 and began full-scale production of steel-belted radial passenger tires at the Findlay and Texarkana plants the following year.
1981
In 1981 the Texarkana plant reached a production record of more than five million tires.
1983
The company joined the ranks of Fortune 500 companies in 1983 as one of the largest industrial companies in the United States.
1984
A technical center for design, research and development, and testing was completed in 1984 at the Auburn, Indiana engineered products plant.
1985
And in 1985, Cooper Tire Rubber Company was enumerated among The 101 Best Performing Companies in America.
1987
Cooper based its plans on several consistent factors that President and Chief Operating Officer Ivan Gorr described in a 1987 study.
1991
Net sales reached 1 billion in 1991.
1996
Sales continued to grow under Rooney's leadership, totaling 1.6 billion by 1996.
1997
The Ohio firm boosted its foreign operations with the March 1997 acquisition of Great Britain's Avon Rubber plc for 110.4 million.
1999
The company's largest growth acquisition occurred in 1999 when it bought The Standard Products Company, which increased Cooper's total workforce by 10,000 employees.
2003
In December 2003, Cooper agreed to a joint venture with Kenda Rubber Industrial Company, to construct a tire-manufacturing plant near Shanghai.
2004
Then, returning the company to its core business of tire manufacturing, in December 2004, Cooper completed the sale of its automotive business, Cooper-Standard Automotive, for approximately 1.165 billion.
2005
In 2005, Cooper continued expansion in China by obtaining majority ownership of China s third largest tire manufacturer Chengshan Group and formed the Cooper Chengshang Shandong Tire Company CCT , with a facility in Rongcheng, China.
2007
In 2007 Cooper set up a manufacturing venture in eastern China with Kenda Rubber Industrial Company, a company based in Taiwan.
2011
In December 2011, Cooper bought a unit of the Serbian tire manufacturing company Trayal Corporation from Kru evac, from the Bulgarian company Brikel EAD for a sum of 13 million and invested as much as 50 million.
2012
To complement the company s well-established European operations and product offerings, in January 2012, Cooper acquired the assets of an existing tire plant in Krusevac, Serbia, providing an excellent location to supply tires to the European and Russian markets.
2013
On June 12, 2013, a deal was finalized in which Apollo Tyres of India would buy Cooper for 2.5 billion.
In 2013, Cooper announced its first United States passenger car original equipment OE contract, supplying Ford Motor Company with tires for the 2013 Ford Focus SE and Titanium models.
Despite the unique and challenging circumstances related to a merger that was terminated at the end of the year, Cooper s annual operating profits in 2013 were the second-best excluding the divested automotive group in the company s history.
2016
In 2016, Cooper completed the purchase of a majority interest in China-based Qingdao Ge Rui Da Rubber Co.
As of 2016, it has around 740 employees and annual revenue of 76 million.
2017
Cooper announced it had won its first OE fitment with Volkswagen in 2017, supplying the high performance Cooper Zeon CS8 tire for Volkswagens T-Roc compact SUV sold in Europe.
2018
In 2018, the company added two new warehouses to its distribution network and announced a joint venture with Sailun Vietnam to build a TBR tire manufacturing plant in Vietnam.
2019
Another OE announcement was made in April 2019 as Daimler AG selected the premium, all season Cooper Discoverer SRXLE CUV SUV tire as OE on the Mercedes-Benz GLE, the first OE fitment for Cooper with this auto manufacturer.
Founded
1914
Company Founded
Headquarters
Findlay, OH
Company Headquarter
Founders
John Schaefer,Claude Hart
Company Founders

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