Standard Motor Products breaks from parent in MBO

Roy Botterill led the MBO
Roy Botterill led the MBO

Roy Botterill, a partner at law firm Harvey Ingram, has led a management buyout of Standard Motor Products Europe Ltd from its US parent SMP Inc.

The move comes after SMPEU moved to new purpose-built headquarters at Sherwood Park in Annesley, near Nottingham.

Under the deal, all jobs are safeguarded and the company now plans to expand its services across Europe, the Middle East and Australasia.

“[SMPEU] is in great shape, with a very ambitious and forward-thinking management team,” said Botterill.

SMPEU group finance director Suky Chahal added: “It’s a very timely move and creates a superb opportunity for us to press ahead with our on-going expansion plans.

“The company is an extremely good position to increase the range of products and services we offer the automotive industry.”

Published by emmabutcher

Emma has been CAT's editor since January 2008. There isn't much she doesn't know about the aftermarket - and her favourite topic is definitely BER!

NEXUS ‘VIRTUAL DAYS’ EVENT ATTRACTS 1,000 VISITORS

Online event declared a success by the buying group

Read More

CV FACTOR JOINS IAAF

New CV member for industry federation

Read More

IAAF INDUSTRY BRIEFING THIS THURSDAY

Final call for the latest instalment of ‘bitesize’ state of the industry session

Read More

DVSA STATEMENT: MOT TESTING IN WALES

Welsh test centres can remain open, test frequency unaffected

Read More

IAAF’s BLEASDALE WARNS INDUSTRY OVER BLOCK EXEMPTION REVIEW

Board member warns against complacency, calling the legislation ‘central to ensuring a level playing field in the automotive aftermarket’

Read More

Go to comments

Your email address will not be published. Required fields are marked *