SMP - Mergers and acquisitions

NEW YORK, Oct. 5, 2022 /PRNewswire/ -- ….… Standard Motor Products, Inc. (NYSE:SMP), a leading automotive parts manufacturer and distributor, announced today that it has acquired 100% of the capital stock of Kade Trading GmbH, headquartered in Glinde, Germany. Founded in 2004, the company has operated across Europe as a supplier of mobile temperature control components to commercial vehicle, passenger car and specialty equipment markets, and has been a distributor of SMP products including electric compressors, hose assemblies and receiver dryers. The company generated approximately $6 million in annual revenue during 2021. SMP will fund the acquisition in cash through borrowings under its r

NEW YORK, March 8, 2021 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), a leading automotive replacement parts manufacturer and distributor, announced today that it has acquired certain assets and liabilities of the particulate matter sensor business of Stoneridge, Inc. Stoneridge's particulate matter sensor business has manufacturing lines in Lexington, OH, and Tallin, Estonia, and generates approximately $12-14 million in annual revenue.  SMP will be relocating all production to existing SMP locations, and is not acquiring any of Stoneridge's locations or employees. It is expected that the business will be fully integrated within approximately 12 months. Mr. Eric Sills, Standar