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Creates a global leader for aftermarket parts supply with a comprehensive product offering across vehicle control and thermal control products -
Expands SMP’s portfolio of powertrain-neutral product categories -
Purchase price of$388 million represents approximately 7.5x EBITDA multiple inclusive of estimated run-rate cost synergies -
Will be immediately and meaningfully accretive in the first full year of the transaction -
$8-12M in estimated run-rate cost…
