Cooper-Standard Automotive Acquires Mexico Hose Facility from Gates Corporation

Novi Michigan, July 27, 2005 - Cooper-Standard Automotive Inc. recently completed the acquisition of Gates Corporation's Enfriamientos de Automoviles, S.A. de C.V. manufacturing facility located in Atlacomulco, Mexico.

"Strategically this acquisition adds to our core capabilities of supporting our automotive customers throughout the world. It does so in a manner consistent with our overall growth initiatives by continuing to diversify our customer base." said Jim McElya, CEO of Cooper-Standard Automotive.

The operation in Mexico has annual sales of approximately $25 million and manufactures low pressure heating and cooling hose, principally for the OEM automotive marketplace.


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.