Standard Motor Products Inc. (SMP), a leading automotive replacement parts manufacturer and distributor, announced today it has acquired certain assets and liabilities of the particulate matter sensor business of Stoneridge’s particulate matter sensor business has manufacturing lines in Lexington, Ohio, and Tallin, Estonia, and generates approximately $12 million to 14 million in annual revenue.
SMP will be relocating all production to existing SMP locations, and is not acquiring any of Stoneridge’s locations or employees. It is expected that the business will be fully integrated within approximately 12 months.
Eric Sills, Standard Motor Products’ CEO and President, said, “We are pleased to announce the acquisition of the particulate matter sensor product line from Stoneridge Inc. This advanced emissions control technology is used in commercial vehicles, and is an excellent fit for our strategy of expansion into the original equipment heavy-duty market.”
