Cooper-Standard Holdings Inc. and 12 affiliated entities (”Debtors”) filed a petitions in Bankruptcy Court for the District of Delaware for relief under chapter 11 of title 11 of the United States Code. The Debtors are a leading global automotive manufacturer of fluid handling, body sealing, and noise, vibration and harshness control components, systems, subsystems, and modules, primarily for use in passenger vehicles and light trucks for global original equipment manufacturers and replacement markets.
In their first day motions, the Debtors have stated that Cooper-Standard Holdings’ indirect subsidiary, Cooper-Standard Automotive Canada Limited (“CSA Canada”), will be seeking relief under the Companies’ Creditors Arrangement Act (the “CCAA”) in the Ontario Superior Court of Justice in Toronto, Ontario, Canada. CSA Canada operates five manufacturing facilities in Canada.
The Debtors also have noted that none of the Cooper-Standard Holdings’ other foreign subsidiaries are debtors in these cases and none have commenced insolvency proceedings in other jurisdictions,
The US bankruptcy proceedings are being consolidated for administrative purposes only under the Cooper-Standard Holdings Inc. case number 09-12743. The following are the names and case numbers of the US bankruptcy petitions.
|Debtor Name||Case No.|
|Cooper-Standard Automotive FHS Inc.||09-12745|
|Cooper-Standard Automotive Fluid Systems Mexico Ho||09-12746|
|Cooper-Standard Automotive Inc.||09-12744|
|Cooper-Standard Automotive NC L.L.C.||09-12752|
|Cooper-Standard Automotive OH, LLC||09-12755|
|Cooper-Standard Holdings Inc.||09-12743|
|CS Automotive LLC||09-12753|
|CSA Services Inc.||09-12754|
|NISCO Holding Company||09-12751|
|North American Rubber, Incorporated||09-12749|
|Sterling Investments Company||09-12750|
|Westborn Service Center, Inc.||09-12748|