Hercules and Cooper Tire Celebrate 50 Year Anniversary Together
FINDLAY, OHIO, JULY 28, 2010 - This year Hercules Tire and COOPER TIRE & RUBBER COMPANY (NYSE:CTB) marked 50 years as partners in the tire business together. Both companies recently celebrated this significant milestone with Hercules dealers at the Hercules dealer incentive trip in Hawaii.
Hercules Tire & Rubber Company is a leading marketer of replacement tires, distributing its Hercules and associate brands around the globe. Cooper Tire manufactures the Hercules brand in addition to Cooper and other associate and private label brands. Together, both companies have been involved in the manufacture and distribution of millions of passenger and light truck tires to independent tire dealers across the United States and around the world.
“Celebrating 50 years as business partners is truly an outstanding accomplishment,” said Chairman, President and CEO of Cooper Tire Roy Armes. “Our strong relationship with Hercules is one we value greatly. We appreciate a partner like Hercules who is committed to strong relationships and dedicated to growing the business the right way. Looking ahead, we are excited about the great things we can accomplish together.”
Bill Trimarco, President and CEO of Hercules Tire, agrees, “Fifty years in business together, serves as a testament to the great relationship that has been forged between our two companies and how our customers have supported the alliance for over half a century."
Originating in 1952 from a group of Northeastern United States tire dealers and retreaders, the company was formally named Hercules Tire & Rubber Company in 1960 when Cooper Tire began manufacturing for them. Hercules is considered the first private brand tire buying group and today is owned by FdG Associates.
With history dating back to 1914, Cooper Tire stands as one of only two U.S.-owned tire manufacturers. In 1960, the company became a publicly held corporation and was listed on the New York Stock Exchange – the same year Cooper and Hercules became business partners. Throughout the next five decades, Cooper expanded its products, manufacturing plants, distribution system to become a global competitor in the replacement tire industry.
Fifty years and millions of tires later, Cooper Tire still manufactures Hercules Tires and both companies remain headquartered in Findlay, Ohio.
About Hercules Tire & Rubber Company
The Hercules Tire & Rubber Company headquartered in Findlay, Ohio, is a leading tire marketer of replacement tires in the USA, Canada and globally in more than 90 countries. Hercules offers an extensive selection in passenger, UHP, light truck, medium truck, trailer, off-the-road, industrial and specialty tires manufactured by its worldwide supplier network. Hercules has developed a strong reputation among its customers for its broad range of quality products, making the Hercules brand and its associate brands some of the most sought-after proprietary brands in the industry. In addition, Hercules distributes over 20 leading national branded tire programs, and collectively offers over 10,000 skus. Hercules operates regional wholesale warehouses in California, Texas, Illinois, Ohio, Florida, Oregon, Ontario, and New Brunswick, under the name TDW (Tire Dealer’s Warehouse) or Hercules Tire Canada. Hercules operates on an international basis from warehouses in the USA, Canada and China under the name Hercules Tire International.
About Cooper Tire & Rubber Company
Cooper Tire & Rubber Company is a global company that specializes in the design, manufacture, marketing and sales of passenger car and light truck tires and has subsidiaries that specialize in medium truck, motorcycle and racing tires. With headquarters in Findlay, Ohio, Cooper Tire has manufacturing, sales, distribution, technical and design facilities within its family of companies located in 10 countries around the world. For more information on Cooper Tire, visit www.coopertire.com, www.facebook.com/coopertire, or twitter.com/coopertire.
Cooper Tire & Rubber Company Contact: Michelle R. Zeisloft, 419-424-4251
Hercules Tire Contact: Denise Durenberger, 419-425-6400