M&A Deal Summary

Standard Motor Products Acquires General Cable - Automotive Ignition Wire Business

On May 23, 2016, Standard Motor Products acquired automotive company General Cable - Automotive Ignition Wire Business from General Cable for 71M USD

Acquisition Highlights
  • This is Standard Motor Products’ 3rd transaction in the Automotive sector.
  • This is Standard Motor Products’ 3rd largest (disclosed) transaction.
  • This is Standard Motor Products’ 6th transaction in the United States.

M&A Deal Summary

Date 2016-05-23
Target General Cable - Automotive Ignition Wire Business
Sector Automotive
Buyer(s) Standard Motor Products
Sellers(s) General Cable
Deal Type Divestiture
Deal Value 71M USD

Target

General Cable - Automotive Ignition Wire Business

United States
General Cable Corp. - Automotive Ignition Wire Business is a provider of automotive products and services.

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Buyer(S) 1

Buyer

Standard Motor Products

Long Island City, New York, United States

Category Company
Founded 1919
Sector Automotive
Employees5,200
Revenue 1.4B USD (2023)
DESCRIPTION
Standard Motor Products' plant in Simpsonville, South Carolina.
Standard Motor Products' plant in Simpsonville, South Carolina.

Standard Motor Products is a manufacturer and distributor of automotive parts in the automotive aftermarket industry. Standard Motor Products was founded in 1919 and is based in Long Island City, New York.


DEAL STATS #
Overall 6 of 12
Sector (Automotive) 3 of 4
Type (Divestiture) 3 of 5
Country (United States) 6 of 9
Year (2016) 1 of 1
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-21 Annex Manufacturing

Fort Worth, Texas, United States

Annex Manufacturing, Inc. distributes a variety of temperature control products for the automotive aftermarket. Annex specializes in climate control products for manufacturers within the automotive, heavy truck and industrial markets, and as a Tier 1, Tier 2, and breadth supplier to the aftermarket.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 Stoneridge - Pollak Business

Feasterville Trevose, Pennsylvania, United States

Stoneridge, Inc. - Pollak Business has manufacturing and distribution facilities in Canton, MA, El Paso, TX, and Juarez, Mexico, and distributes a range of engine management products including sensors, switches, and connectors.

Buy $40M

Seller(S) 1

SELLER

General Cable

Highland Heights, Kentucky, United States

Category Company
Founded 1992
Sector Electrical Equipment
Employees12,000
Revenue 4.2B USD (2015)
DESCRIPTION

General Cable Corp. develops, designs, manufactures, markets and distributes copper, aluminum and fiber optic wire and cable products and systems for the energy, industrial, specialty, construction, and communications markets. General Cable Corp. was formed in 1992 and is headquartered in Highland Heights, Kentucky.


DEAL STATS #
Overall 2 of 2
Sector (Automotive) 1 of 1
Type (Divestiture) 2 of 2
Country (United States) 2 of 2
Year (2016) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-20 Gepco International

Wood Dale, Illinois, United States

Gepco Brand is a provider of professional broadcast, entertainment and audio/visual cable; cable assemblies in both standard and custom configurations; interconnect and cable-related accessories; and a full line of optical fiber solutions.

Sell -