Latest News in Auto Glass
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June 24, 2008Asahi Glass Co., Japan's largest glassmaker, is in talks with carmakers to raise its prices 10 percent because of increasing fuel and material costs, Nikkei English News said, citing no one, according to a June 24 Bloomberg report
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June 20, 2008Officials of Belron US, Columbus, Ohio, announced June 20 that the auto glass repair and replacement company has reached an agreement to acquire substantially all the assets of Diamond Glass for $50 million, plus the assumption of various liabilities, subject to approval by the United States Bankruptcy Court and any required regulatory approvals, according to a PR Newswire release the same day....
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June 11, 2008Officials of Belron US, Columbus, Ohio, announced June 11 that Thomas Feeney, a 20-year veteran of its Safelite AutoGlass business, will take the helm as president and chief executive officer effective July 1. Feeney, 56, succeeds Dan Wilson, 57, who is retiring, according to a June 13 PR Newswire release.Feeney will lead the vehicle glass replacement and repair company, along with Safelite...
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May 8, 2008Tulsa-based Zeledyne LLC, which acquired the glass operations of Automotive Components Holdings in April, received an $80 million asset-based credit facility from Bank of America Business Capital, according to a May 8 release from BOA. ACH was a division of Ford Motor Co."We selected Bank of America Business Capital to lead this transaction because of its extensive experience financing...
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April 17, 2008PPG Industries Inc. still intends to sell its automotive glass business this year, which includes its plant in Creighton, CEO Charles E. Bunch said April 17, according to a report the same day in The Pittsburgh-Tribune Review.As PPG prepares to sell the automotive glass businesses, it will restructure the segment by reducing labor and overall administrative costs, Bunch said, according to the...
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April 14, 2008Auburn Hills-based Guardian Industries Corp. has agreed to buy Siegel-Robert Inc.’s automotive business, according to an April 14 Crain’s Detroit Business report.The firms announced the deal April 11, saying they expect to close the transaction on May 1. Terms of the deal were not disclosed.
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April 14, 2008Zeledyne, a newly formed, privately-held company led by Tulsa investor Robert Price, finalized the purchase of Ford Motor Co.’s glass business April 14. The sale includes glass plants in Nashville and Tulsa, in addition to subsidiary Vidriocar in Ciudad Juarez, Mexico. Also included are the leases for a warehouse in Lebanon, Tenn., and engineering offices in Allen Park, Mich. “...
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April 11, 2008Officials at CCC Information Services, Chicago, and Mitchell International, the San Diego parent company of National Auto Glass Specifications, signed a definitive agreement to form a merger-of-equals transaction valued at $1.4 billion, according to a joint release April 11.The combined enterprise, to be known as CCC-Mitchell, will provide information, workflow management systems and integrated...
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March 25, 2008Officials from C.R. Laurence Inc., Los Angeles, announced March 25 that it acquired Sommer & Maca Industries, Cicero, Ill., effective March 20, according to a company release. “This joining brings together the products and services of both organizations, and will enhance our customers’ experiences with larger inventories available from all our North American locations,” said...
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December 27, 2007Officials at PPG Industries, Pittsburgh, announced Dec. 27 that affiliates of Platinum Equity, Beverly Hills, Calif., notified the company of their intent to terminate the contract under which they agreed to purchase PPG’s automotive OEM and ARG glass and services businesses. Platinum Equity claims PPG misrepresented the business’ financial health, according to a Dec. 28 Dow Jones...
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Viracon, Inc. officials announced that the glass fabricator will make an investment of more than $30 million at its Owatonna, Minn., facility, to install a new coater. The company decided to install the new coating technology in Minnesota because the Owatonna facility is centrally located and has the most extensive product capabilities and technical talent, according to a release....
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Officials of PPG Industries announced several executive appointments, February 21, that are effective immediately.Michael McGarry, PPG executive vice president, has assumed leadership responsibility for the company’s flat glass businesses. He will also lead PPG's architectural coatings businesses in the Americas and Asia Pacific, as well as the Europe, Middle East and Africa (EMEA) region....
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As the prognosis for the design and construction industry continues to improve, the Architecture Billings Index is reflecting its strongest growth since November 2007, according to the American Institute of Architects. The January ABI score was 54.2, up sharply from a mark of 51.2 in December.“We have been pointing in this direction for the last several months, but this is the strongest...
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