Standard Motor Products

Announcements · 2

Oct 5, 2022ACQUISITIONGlinde, Germany
Standard Motor Products acquires Kade Trading GmbH
Standard Motor Products acquired 100% of Kade Trading GmbH, a Glinde, Germany-based supplier of mobile temperature control components with about $6 million in 2021 revenue, funded from its revolving credit facility. The announcement was made on October 5, 2022.
Standard Motor Products acquirer Kade Trading GmbH target #Automotive Components #HVAC and Industrial Refrigeration smpengineeredsolutions.com prnewswire.com
Dec 1, 2017ACQUISITIONFoshan, Guangdong, China$12.5M
Standard Motor Products forms China joint venture with Foshan Guangdong Automotive Air Conditioning
Standard Motor Products formed a 50/50 joint venture, Foshan FGD SMP Automotive Compressor, with China-based Foshan Guangdong Automotive Air Conditioning, investing approximately US$12.5 million to make automotive air conditioning compressors.
Standard Motor Products investor Foshan Guangdong Automotive Air Conditioning partner #Automotive Components #HVAC and Industrial Refrigeration prnewswire.com

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