SMP acquires Stabil Group for ~$15M; accretive to 2022 EPS

STANDARD MOTOR PRODUCTS, INC.

Acquired 100% of Stabil Operative Group GmbH for ~$15M (subject to post-closing adjustments).
Stabil generates ~$25M annual revenue with ~230 employees; facilities in Germany and Hungary.
Stabil produces electronic sensors, control units, and clamping devices for European OE market.
Acquisition financed from cash on hand and borrowings under SMP's revolving credit facility.
Deal expected to be accretive to diluted EPS in 2022.

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