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Cooper-Standard Holdings Announces Agreement to Retain Name

Novi, Mich., Apr. 20, 2006 - Cooper-Standard Holdings Inc., the parent company of Cooper-Standard Automotive Inc., announced today that it has reached agreement with its former owner, Cooper Tire & Rubber Company, to retain the Cooper-Standard Automotive trade name and associated trademarks.

"This agreement marks an important step in Cooper-Standard's evolution as a stand-alone company," remarked Jim McElya, president and chief executive officer of Cooper-Standard. "For a number of years our customers have associated the Cooper-Standard brand with world class quality and service, technological expertise, and outstanding value, and we are excited to be in a position to continue using the Cooper-Standard Automotive name to globally identify our leading product lines."


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.




 


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