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Schoenherr Advises Standard Motor Products on Acquisition of Industrial Facility

Schoenherr Advises Standard Motor Products on Acquisition of Industrial Facility

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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.

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The firm’s lawyers provide clients with advice and representation in an active, thoughtful and ethical manner, with a real understanding of clients‘ business needs and the markets in which they operate.

The firm is one of the largest home-grown independent law firms in Hungary. Currently Nagy és Trócsányi has 26 lawyers out of which there are 8 active partners. All partners are equity partners.

Nagy és Trócsányi is a legal entity and registered with the Budapest Bar Association. All lawyers of the Budapest office are either members of, or registered as clerks with, the Budapest Bar Association. Several of the firm’s lawyers are admitted attorneys or registered as legal consultants in New York.

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