Schoenherr has advised Standard Motor Products Inc. on its asset-deal purchase of an industrial facility in Pecel, Hungary, from German production company Certus-WM Group International. Germany's Ladenburger Rechtsanwaelte advised the seller.
According to Schoenherr, Standard Motor Products is a leading manufacturer and distributor of replacement parts for motor vehicles in the automotive industry, listed on the New York Stock Exchange since 1977. "This transaction increases the local footprint of Standard Motor Products, Inc. in Hungary," the firm announced.
The Schoenherr team was led by Partner Laszlo Krupl and included Associate Viktoria Magyar.