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Slide #42. Standard Motor Products, Inc. — Remanufacturing Operations of Pensacola Fuel Injection
Standard Motor Products, Inc. (NYSE:SMP)
Remanufacturing Operations of Pensacola Fuel Injection
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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