Pictured above: Harvey Ingram corporate specialist, Roy
Botterill
Midlands' law firm Harvey Ingram has overseen the management
buy-out of Standard Motor Products Europe Ltd (SMPEU) from US
parent SMP Inc, one of the world's largest suppliers of car and
truck components.
All staff jobs were safeguarded in the deal, which is the latest
step in SMPEU's on-going expansion following a move into a new
purpose-built headquarters at Sherwood Park in Annesley, near
Nottingham. From here the company is set to further expand its
services to customers across Europe, the Middle East and
Australasia.
SMPEU group finance director Suky Chahal says: "We are delighted
with the way the management buy-out was completed. 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."
The deal was overseen by a team of Harvey Ingram corporate
specialists, led by partner Roy Botterill.
He says: "We are delighted to be able to help SMPEU with its
continued expansion plans. The company is in great shape, with a
very ambitious and forward-thinking management team. We're looking
forward to watching the business going from
strength-to-strength."