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18 Apr 2007  -  United States

Cooper-Standard Automotive wins GM supplier of the year award

Cooper-Standard Automotive’s Fluid Systems Division has earned the Supplier of the Year Award for brake and fuel lines from General Motors. The award is one of GM’s highest supplier honors and was presented during a ceremony held Saturday, March 31, 2007, in Orlando at the JW Marriott Grande Lakes Hotel. Award-winners are selected by a global team of GM executives from purchasing, engineering, manufacturing, and logistics. Winners are chosen for excellence in quality, service, technology, and price.

At the ceremony to honor Supplier of the Year award winners, Larry Beard, president, Global Fluid Systems for Cooper-Standard Automotive, said: “The GM Supplier of the Year award is one of the most prestigious awards in the automotive industry, and we are honored to receive it.”

“We are proud to honor Cooper-Standard Automotive as one of the ‘Best of the Best’ GM suppliers in 2006,” said Bo Andersson, GM group vice president, Global Purchasing and Supply Chain. “Cooper-Standard achieved the award based on outstanding performance in 2006. We appreciate their energy, hard work and dedication to the success of GM.”

Cooper-Standard’s Fluid Systems Division provides brake and fuel line products for a number of GM’s top-selling vehicles, including the Chevy Silverado/GMC Sierra pickups, and Chevrolet Impala.

“General Motors is a very important customer of ours and, as with all our customers, we work hard to exceed their expectations,” said Beard. “An award like this validates that our efforts are valued and recognized. This award also reflects Cooper-Standard’s continued dedication to supplying automakers with the best quality products reflecting innovative design and functionality, which ultimately helps to enhance the consumer’s driving experience.”

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 more than 16,000 people across 62 facilities in 15 countries. 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.

The GS Capital Partners Funds are part of Goldman Sachs' Principal Investment Area in the Merchant Banking Division. Goldman Sachs is one of the oldest and largest investment banking firms and is also a global leader in private corporate equity and mezzanine investing. Goldman Sachs' Principal Investment Area has formed 12 investment vehicles aggregating $35 billion of capital to date.

Source : Cooper-Standard Automotive