The closing was effective March 3.
"This transaction marks the beginning of a journey to an exciting future," Wilson said. "We are excited to be part of the Belron family and the undiscovered potential it brings to our customers, clients and associates. Belron is known for its ability to be a master brand builder with their well- known brands throughout the world. Now that the transaction is closed, we can benefit from this expertise and take advantage of being a part of a successful global entity."
The new Belron US will integrate the U.S. operations of the former Safelite Group Inc. and the former Belron Inc., which was the U.S. operation of Belron. While Belron US is the new legal entity for the U.S. operation, the company will continue to operate under its existing brands: Safelite(R) AutoGlass, Service(R) AutoGlass, Safelite(R) Solutions, AUTO GLASS SPECIALISTS(TM), GLASPRO(TM), ELITE AUTO GLASS(TM), WINDSHIELD PROS(TM) and MAVERICK GLASS(TM). The transaction was announced Feb. 6 and the deal closed effective March 3.
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Two Largest Automotive Glass Companies Finalize Acquisition
As expected, Belron S.A., the world's largest vehicle glass repair and replacement company, has completed its acquisition of Safelite Group Inc., according to Dan Wilson, president and chief executive officer of the new joint organization, Belron US.