Standard Motor Products, Inc. to Acquire European Aftermarket Supplier Nissens Automotive
SMP(SMP) Prnewswire·2024-07-10 19:39
Creates a global leader for aftermarket parts supply with a comprehensive product offering across vehicle control and thermal control products Expands SMP's portfolio of powertrain-neutral product categories Purchase price of $388 million represents approximately 7.5x EBITDA multiple inclusive of estimated run-rate cost synergies Will be immediately and meaningfully accretive in the first full year of the transaction $8-12M in estimated run-rate cost synergies within 24 months, with additional opportunity ...