Standard Motor Products (SMP) announced the acquisition of Compressor Works, a temperature control company with manufacturing and distribution facilities in Dallas, Texas.
In May 2012, Standard Motor Products (SMP) announced the acquisition of Compressor Works, a temperature control company with manufacturing and distribution facilities in Dallas, Texas. Compressor Works distributes a range of temperature control products including new compressors, fan clutches, and other A/C system and engine cooling products.
The acquisition of Compressor works operations was highly complementary to SMP’s Temperature Control Division and further reinforced SMP’s position in the automotive aftermarket as an industry-leading supplier of temperature control parts.
Larry 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.” He went on to say, “Compressor Works 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 Compressor Works will create a strong player in this highly competitive industry.”