# Standard Motor Products forms joint venture with Foshan Guangdong Automotive Air Conditioning

Standard Motor Products Inc. has formed a 50/50 joint venture with Foshan Guangdong Automotive Air Conditioning Co. Ltd., named Foshan FGD SMP Automotive Compressor Co. Ltd. SMP will invest approximately $12.5 million in the venture.

- Type: Acquisition
- Announced: 2017-12-01
- Where: Foshan, China
- Value: $12.5M
- Status: announced
- Products: air conditioning compressors for automotive aftermarket and OE
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Standard Motor Products](https://endata.com/companies/2489.md) (acquirer)
- [Foshan Guangdong Automotive Air Conditioning](https://endata.com/companies/2490.md) (partner)

## Sources

- [aftermarketnews.com](https://www.aftermarketnews.com/standard-motor-products-forms-joint-venture-foshan-guangdong-automotive-air-conditioning-co-ltd/), 2017-12-01: "We believe that this transaction will enhance our position as a basic low-cost manufacturer and a leading supplier of temperature control parts to the aftermarket, as well as provide SMP with growth opportunities in the rapidly expanding China market."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.