July 2024 – Hughes Hubbard represented Standard Motor Products, a leading automotive parts manufacturer and distributor, in its $388 million proposed acquisition of Nissens Automotive, a leading European manufacturer and distributor of aftermarket engine cooling and air conditioning products with a growing array of vehicle control technologies.

The proposed acquisition enables Standard to become a global leader for aftermarket parts supply with a comprehensive product offering across vehicle control and thermal control products and expands the company’s portfolio of powertrain-neutral product categories. Additionally, the proposed acquisition creates an estimated $8-12 million in run-rate cost synergies within 24 months, with additional opportunity for meaningful revenue synergies.

“We are delighted to announce this acquisition, which will make our combined business the aftermarket leader in North America and Europe in thermal management products,” said Eric Sills, Standard Motor Products' Chairman and CEO.

Partners Scott Naturman and Ken Lefkowitz led the Hughes Hubbard team. They were assisted by partners Michael DeBernardis, Philip Giordano, Steve Greene, Alan Kravitz, Charles Wachsstock; counsel Erin DeCecchis, Anna Hamati, Carol Remy, Sabrina Silverberg; and associates Drew Bader, Tom Koziel and Taylor Skaggs.

Read the full press release and The Deal's reporting on the proposed deal.