Stoneridge sells Control Devices biz for $59mln, reports Q1 FY23 rev. $196mln.
ByAinvest
Thursday, Feb 5, 2026 5:29 pm ET1min read
SRI--
• Stoneridge, Inc. sells Control Devices business to Center Rock Capital Partners for $59mln. • Transaction is a significant disposition under Regulation S-X Article 11. • Buyer is a Delaware limited liability company and an affiliate of Center Rock Capital Partners. • Stoneridge will provide pro forma financial information giving effect to the disposal. • Transaction was consummated on January 30, 2026, under the Stock Purchase Agreement. • Post-closing adjustments are customary.
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