Latest News in Auto Glass

  • Asahi Glass in talks to raise auto-glass prices, Nikkei says
    June 24, 2008
    Asahi 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

  • Belron US to acquire assets of Diamond Glass
    June 20, 2008
    Officials 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....

  • Feeney takes the helm as president, CEO of Belron US
    June 11, 2008
    Officials 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...

  • ACH buyer Zeledyne receives $80 million in financing
    May 8, 2008
    Tulsa-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...

  • AGC to restructure
    April 22, 2008
    AGC Flat Glass North America of Alpharetta, Ga., will close three factories and a production line in the next six months, according to a company release April 16. ...

  • PPG still intends to sell auto glass unit, CEO says
    April 17, 2008
    PPG 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...

  • Guardian Industries to buy Siegel-Robert Automotive
    April 14, 2008
    Auburn 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.

  • Ford glass business sold to Zeledyne
    April 14, 2008
    Zeledyne, 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.  “...

  • NAGS parent merges with CCC Information Services
    April 11, 2008
    Officials 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...

  • Diamond Glass files bankruptcy
    April 8, 2008
    The U.S. Bankruptcy Court for the District of Delaware approved a $41 million debtor-in-possession loan April 2 for Diamond Glass, Kingston, Pa., an auto glass repair and replacement service provider that filed Chapter 11 bankruptcy April 1 ...
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What's Hot

  • Viracon to invest $30 million in new coater at Owatonna facility
    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....
  • PPG announces executive appointments; McGarry to lead flat glass businesses
    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...