Auto Parts M&A » By The Online Investor Staff, updated Wed., May. 1, 9:02 PM
Recent mergers and acquisitions in the Auto Parts M&A category.
Slide #16. Standard Motor Products, Inc. — Remanufacturing Operations of Pensacola Fuel Injection
Acquirer: |
Standard Motor Products, Inc. (NYSE:SMP) |
Acquiree: |
Remanufacturing Operations of Pensacola Fuel Injection |
Details: |
Standard Motor Products, Inc. (NYSE: SMP), an automotive replacement parts manufacturer and distributor, announced today that it has acquired the assets of Pensacola Fuel Injection, a privately-held company, for approximately $12.2 million. The company, located in Pensacola, Florida, remanufactures and distributes a wide range of diesel injectors, diesel pumps and turbo chargers. The current owners will retain the retail segment of this business. |
Standard Motor Products is an automotive parts manufacturer and distributor of engine management and temperature control systems of motor vehicles in the automotive aftermarket industry. Co. is organized into two operating segments. Co.'s engine management segment manufactures and distributes a line of components for ignition, such as electronic ignition control modules, camshaft and crankshaft position sensors, ignition wires and coils. Co.'s temperature control segment manufactures and distributes a line of components for the temperature control (air conditioning and heating) systems, engine cooling systems, power window accessories and windshield washer systems of motor vehicles.
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Company Name: |
Standard Motor Products, Inc. |
Stock buyback: |
SMP buyback |
Website: |
www.smpcorp.com |
Sector: |
Auto Parts |
Number of ETFs Holding SMP: |
43 |
Total Market Value Held by ETFs: |
$130.49M |
Total Market Capitalization: |
$708.00M |
% of Market Cap. Held by ETFs: |
18.43% |
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May 1, 2024 9:02 PM Eastern
Strong Buy (4.00 out of 4)
79th percentile
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