Standard Motor Products Announces Acquisition of the Engine Controls Business of BLD Products for $27M (SMP)

Standard Motor Products, Inc. SMP, an automotive replacement parts manufacturer and distributor, announced today that it has acquired the Engine Controls business of BLD Products, Ltd., subsidiary of Qualitor Inc., for approximately $27 million. BLD has plants in Holland, Michigan and Ocala, Florida, and manufactures a range of products including fuel pressure regulators, air by-pass valves, idle air control valves, and PCV valves. Revenue of BLD's Engine Controls business was approximately $18 million in 2010, of which approximately 40% of the volume was sold to Standard, and the balance to others in the industry.