SMP Acquires Stoneridge’s Particulate Matter Sensor Business

SMP Buys Stoneridge’s Particulate Matter Sensor Business

It is expected that the business will be fully integrated within approximately 12 months.

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.”

You May Also Like

Valvoline Reports Second-Quarter Results

Completed sale of Global Products business on March 1 generated $2.38 billion of net proceeds.

Valvoline Inc. today reported financial results for its second fiscal quarter ended March 31, 2023. 

"With the sale of the Global Products business complete, Valvoline is wholly focused on driving long-term value to shareholders through our best-in-class retail platform by growing system-wide store sales, increasing units through both company-operated and franchised additions, and evolving the service portfolio over time," said Sam Mitchell, CEO. "Valvoline continues to see resiliency and strength in the demand for the quick, easy and trusted preventive maintenance service we provide to our customers, demonstrated by 26% adjusted EBITDA growth on 19% adjusted sales growth1 year over year for the quarter."

LKQ Acquisition of Uni-Select Receives Final Approval

The deal, first announced on Feb 27, is expected to generate approximately $55 million in run-rate cost synergies and incremental revenue upside opportunities.

BorgWarner Expects 2023 eProduct Sales of $2.3B to $2.6B

First quarter net sales were $4,180 million for the first quarter 2023, an increase of 8% compared with $3,874 million for the first quarter 2022.

ITW Reports First Quarter 2023 Results

The company reports $4 billion in revenue, an increase of 2% with organic growth of 5%.

Myers Industries Announces Q1 2023 Results

The company reiterates full-year fiscal 2023 revenue and earnings outlook.

Other Posts

Quality Collision Group Acquires Stuart’s Paint & Body

Headquartered in Plano, Texas, Stuart’s Paint & Body provides an expanded national footprint for QCG.

Fenix Parts Acquires Fox Auto Parts

This is Fenix Parts’ fifth acquisition in the Midwest.

BBB Industries Acquires Inter-Turbo in Poland

Based in Katowice, Poland, Inter-Turbo sustainably manufactures turbochargers, injectors and diesel particulate filters.

Bapcor Limited Acquires E-Max Australia

E-Max will become part of Bapcor’s Commercial Vehicle Group, and part of the Australian Truck Parts wholesale business.