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Manufacturing M&A image Manufacturing M&A » By The Online Investor Staff, updated Sat., Apr. 17, 1:30 PM Recent mergers and acquisitions in the Manufacturing M&A category.

Slide #42. 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 a manufacturer and distributor of replacement parts for the engine management and temperature control systems of motor vehicles in the automotive aftermarket industry with a focus on heavy duty, industrial equipment and the original equipment markets. Co. is organized into two operating segments: Engine Management, which manufactures and distributes a line of components for the ignition, electrical, emissions, fuel and safety-related systems; and Temperature Control, which manufactures and distributes a line of components for the temperature control 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: 
49
Total Market Value Held by ETFs: 
$181.60M
Total Market Capitalization: 
$953.00M
% of Market Cap. Held by ETFs: 
19.06%
 

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Strong Buy (3.67 out of 4)
65th percentile
(ranked higher than approx. 65% of all stocks covered)

Analysts' Target Price:
SMP Stock Forecast

Based on Zacks ABR data;
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