Standard Motor Products, Inc. Announces Closing of Acquisition of General Cable Automotive Ignition Wire Business


NEW YORK, May 31, 2016 - Standard Motor Products, Inc. (NYSE: SMP), an automotive replacement parts manufacturer and distributor, announced today that on May 27, 2016 it closed its previously announced acquisition of General Cable Corporation's automotive ignition wire business for approximately $71 million, subject to post-closing adjustments. The acquisition was funded through borrowings under its revolving credit facility.



SOURCE Standard Motor Products, Inc.



CONTACT:



James J. Burke,

Standard Motor Products, Inc.,

(718) 392-0200

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