Standard Motor Products, Inc. acquired Stabil Operative Group GmbH for approximately $15 million.
September 31, 2021
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Standard Motor Products, Inc. (NYSE:SMP) acquired Stabil Operative Group GmbH for approximately $16.3 million on September 1, 2021. The consideration of approximately $16.3 million, subject to certain post-closing adjustments. Standard Motor Products, Inc has financed the acquisition from cash on hand and through borrowings under its revolving credit facility with JPMorgan Chase Bank, N.A., as agent. Stabil generates approximately $25 million in annual revenue.
Standard Motor Products, Inc. (NYSE:SMP) completed the acquisition of Stabil Operative Group GmbH on September 1, 2021.
Standard Motor Products, Inc. is a manufacturer and distributor of replacement parts in the automotive aftermarket and a custom-engineered solutions provider to vehicle and equipment manufacturers in diverse non-aftermarket end markets. Its Vehicle Control Segment services its core automotive aftermarket customers through its offering of replacement parts within the product groups: Engine Management, Electrical and Safety and Wire Sets and Other. Its Temperature Control Segment also services its core automotive aftermarket customers through its offering of replacement parts within the various product groups: AC System Components and Other Thermal Components. Its Engineered Solutions Segment services its vehicle and equipment manufacturing customers across diverse global end markets, including on-highway and off-highway applications such as commercial and light vehicles, construction, agriculture, power sports, marine, hydraulics and lawn and garden.
STANDARD MOTOR PRODUCTS, INC. 
