Schoenherr has advised Standard Motor Products on its acquisition of an industrial facility in Hungary from Mektec Manufacturing Corporation Europe HU. The sellers were represented by solo practitioner Peter Zsadon.
The industrial facility in question has a gross leasable area of approximately 4,000 square meters.
Standard Motor Products is a manufacturer and distributor of replacement parts for motor vehicles in the automotive industry, listed on the NYSE since 1977.
Mektec Manufacturing Corporation Europe HU is a German production company and a subsidiary of the Japanese Mektron corporation, founded in 1961.
Earlier this year, Schoenherr advised Standard Motor Products on another industrial facility acquisition (as reported by CEE Legal Matters on September 19, 2023)
The Schoenherr team included Partner Laszlo Krupl and Associate Viktoria Magyar.