Standard Motor Products, Inc. Acquires CompressorWorks
By Standard Motor Products, Inc.
Published: Tuesday, May. 1, 2012 - 5:39 am
NEW YORK, May 1, 2012 -- /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), an automotive replacement parts manufacturer and distributor, announced today that it has acquired CompressorWorks, a temperature control company, for approximately $37.4 million. CompressorWorks has manufacturing and distribution facilities in Dallas, Texas, and distributes a range of temperature control products including new compressors, fan clutches, and other A/C system and engine cooling products. Revenue of CompressorWorks was approximately $60 million in 2011.
Mr. Lawrence I. Sills, Standard Motor Products' Chairman and Chief Executive Officer, stated, "We are very pleased to announce this acquisition, which we believe will enhance our position as the leading supplier of Temperature Control parts to the independent aftermarket.
"CompressorWorks is a relatively young company, but during that time they have developed an impressive list of customers and sophisticated design and manufacturing capabilities. They are the industry leader in new compressor manufacturing, the fastest growing segment of the business. The combination of Four Seasons and CompressorWorks will create a strong player in this highly competitive industry.
Read more here: http://www.sacbee.com/2012/05/01/4455849/standard-motor-products-inc-acquires.html#storylink=cpy
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The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government.
Thomas Jefferson
They give you a new paint bucket?
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Yep and both assembly lines will be operational.
I knew you would have a very positive outlook and comment on the subject. Guess the ole' adage applies....'what goes around...comes around'. Back where it all started.
However, I shall be optimistic about this....
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The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government.
Thomas Jefferson
Ah come on. You know I had to bust your chops a little. Ice32 going to be added to all CW compressors also now?
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Not sure what is going to change. For sure something will be changed...but not sure what. We are to operate 'as before' thru the end of the year. Suppose that sometime in August-September changes will begin to be made. Get ready for the next coming season. Immediate concern for most at CWI is how many will stay and how many will go. Some have already voiced opinions due to the amount of travel time to Lewisville. Others are in the 'wait and see' mode. Supposedly I am in the 'safe' mode and will transition with the move....hopefully this will remain the case.
Not too sure about the '32' stuff. Since Interdynamics purchased the product, that changes were made to the chemical base. But it is a program for W-S-S-F so...guess it will stay.
There are those that 'swear' by the product.
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The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government.
Thomas Jefferson
I wish you luck with this hope you are "safe" and stay "safe". What is Frank B. going to do?
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We all wish the Iceman a happy return.
PS: I try not to swear.
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Does all this mean that the product, compressors, will improve or go down hill.
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