A Message from Our CEO
"SMP continues to evolve to meet the advanced automotive technology of today and tomorrow. We remain an automotive leader by steadfastly living up to our reputation for extraordinary customer focus, top-quality products and services, the ability to embrace the technology of today and tomorrow, and our continued investment in our future."
–SMP's Chief Executive Officer, Eric Sills
Several years ago, Standard Motor Products commemorated 100 years in business. In celebrating this milestone, we reflected on our journey to the SMP of today. Thanks to the foresight of our founders, SMP has grown and thrived with a strong set of corporate values centered on taking care of the customer and doing so with the utmost integrity.
The automotive aftermarket is a tremendously resilient industry, poised for continued growth thanks to an aging vehicle population. At SMP, our aftermarket value proposition of being the best full-line, full-service supplier of premium aftermarket products continues to resonate with our broad customer base.
A few years ago, we launched Engineered Solutions as a standalone segment, supplying parts to new vehicle and equipment manufacturers across diverse on-highway and off-highway end markets around the world. We have gained a solid foothold and are pleased with the consistent and sustainable growth.
Our recent acquisition of Nissens Automotive, a leader in the European aftermarket, significantly enhances our global footprint and positions SMP as a leader in advanced vehicle technologies. By combining our complementary product portfolios, expanding manufacturing and distribution capabilities, and leveraging shared resources, we are stronger together. This partnership unlocks new opportunities for growth through cross-selling, improves our cost structure, optimizes our supply chain, and strengthens our ability to deliver world class products and programs to our distribution partners worldwide.
We now operate across four complementary and balanced business segments: Vehicle Control, Temperature Control, Engineered Solutions, and Nissens Automotive. These four segments enable us to reach a broader range of end markets while continuing to deliver best-in-class products and services to our customers worldwide, and provides our stakeholders with clear insight into the performance and focus of our business.
SMP continues to evolve to meet the advanced automotive technology of today and tomorrow. Our commitment to engineering and manufacturing has positioned us to deliver premium replacement parts for new automotive systems, including for the latest hybrid and electric vehicles. In fact, today, over half of our sales are in product categories that are powertrain neutral.
While SMP has changed over the past century, our core philosophy has not. We remain an automotive leader by steadfastly living up to our reputation for extraordinary customer focus, top-quality products and services, the ability to embrace the technology of today and tomorrow, and our continued investment in our future. In the highly competitive markets in which we operate, we owe our sustained success both to the commitment of our talented employees as well as to our loyal customers. SMP employees understand the importance of maintaining the highest level of quality in every aspect of what we do. Our customers recognize SMP’s sincere commitment to being the best in service, quality, innovation and integrity.
Thank you,
Eric