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Schoenherr Advises Standard Motor Products on Acquisition of Industrial Facility

Schoenherr Advises Standard Motor Products on Acquisition of Industrial Facility

Hungary
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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.

Hungary Knowledge Partner

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa, and Asia Pacific. This positions us to help clients with their legal needs around the world.

With more than 60 lawyers, including 14 partners, and a staff of over 140, DLA Piper Hungary is one of the largest international law firms operating in Hungary. What makes us stand out is that we offer not only legal services but also tax and business advisory support in a fully integrated manner. We maximize synergies between legal, tax, and business advisory services to offer a unique service for our clients, particularly in regulated industries such as energy, infrastructure, life sciences, banking, and telecommunications.

We are a true full-service firm, providing our private and public sector clients with advice on all aspects of their business. This includes transaction-related advice, people and employment, commercial dealings, litigation, information technology, media and communications, intellectual property, insurance, tax, real estate, and restructuring plans.

DLA Piper Hungary has received numerous professional awards and is consistently ranked among the top law firms in Hungary by international rankings. We are ranked #1 by Mergermarket among the law firms active in Hungary based on the volume of M&A deals handled between 2005 and 2024.

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