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.

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.

Read the entire nws on the source link below.

600450 Two Largest Automotive Glass Companies Finalize Acquisition glassonweb.com
Date: 6 March 2007
Source: Pnewswire.com

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