News Summary
Cooper Standard has acquired two industrial buildings in Wixom for nearly $14.5 million, enhancing its operational capacity and supporting growth within the transportation and industrial markets. This acquisition aligns with the company’s strategic expansion efforts, which includes the construction of a new world headquarters in Northville, Michigan. With state-of-the-art facilities focused on sustainability, Cooper Standard continues to position itself for future advancements in technology and workforce optimization.
Wixom, Michigan – Cooper Standard, a prominent supplier of systems and components for transportation and industrial markets, has made headlines with its acquisition of two industrial buildings in Wixom for nearly $14.5 million. This strategic purchase is expected to bolster the company’s operational capacity and facilitate growth in the sector.
Cooper Standard’s acquisition of the Wixom properties marks a significant investment in the region, aligning with the company’s ongoing expansion efforts. This news has been reported exclusively to CoStar subscribers, indicating the potential impact of this development on the local industrial landscape.
Alongside this acquisition, Cooper Standard is constructing a new world headquarters in Northville, Michigan, which is anticipated to be completed in early 2020. The new headquarters will span 110,000 square feet across three stories and will be located near the company’s previous headquarters in Novi and its Global Technology Center in Livonia.
The design of the new facility will incorporate state-of-the-art energy management systems focused on recycling and sustainability, aimed at reducing the company’s carbon footprint. Approximately 400 employees will work from this new location, which is designed with scalability in mind, providing opportunities for future expansion as the company continues to grow.
Cooper Standard employs around 33,000 people across 21 countries, making it a key player in the global automotive industry. The company specializes in various products including rubber and plastic sealing, fuel and brake lines, fluid transfer hoses, as well as anti-vibration technology, which are essential components in modern vehicles.
The acquisition and forthcoming headquarters are part of a larger strategy by Cooper Standard to enhance innovation and employee engagement. The company is focused on creating a work environment that fosters creativity and collaboration among its workforce, critical components in maintaining competitive advantages in the fast-evolving industrial sector.
In summary, Cooper Standard’s recent actions underscore its commitment to growth and sustainability in Michigan’s industrial market. With the significant investment in the Wixom properties and the development of a new headquarters, the company is positioning itself for future advancements in technology and workforce optimization.
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Additional Resources
- CoStar: Cooper Standard Acquires Pair of Detroit-Area Industrial Facilities for $14.5 Million
- Wikipedia: Cooper Standard
- WardsAuto: Cooper Standard to Build New World HQ
- Google Search: Cooper Standard
- Aftermarket News: Cooper Standard Unveils Global Technology Center
- Google Scholar: Cooper Standard
- Detroit News: Wixom Source of Chemical Pollution
- Encyclopedia Britannica: Cooper Standard
- CoStar: Cooper Standard Acquires Detroit-Area Industrial Facility for $8 Million
- Google News: Cooper Standard
Author: STAFF HERE NORTHVILLE WRITER
The NORTHVILLE STAFF WRITER represents the experienced team at HERENorthville.com, your go-to source for actionable local news and information in Northville, Wayne County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Summer Concert Series, Tunes on Tuesday, and the Northville Farmers Market. Our coverage extends to key organizations like the Northville Chamber of Commerce and Northville Community Foundation, plus leading businesses in automotive, software, and retail that power the local economy such as Gentherm, Reliable Software, and Attendance on Demand. As part of the broader HERE network, including HEREDetroitMI.com, HEREGrandRapids.com, HERENovi.com, and HEREPlymouth.com, we provide comprehensive, credible insights into Michigan's dynamic landscape.
