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Belron US Completes the Acquisition of Cindy Rowe Auto Glass

marketwire
Press Release Source: Belron US On Tuesday January 6, 2009, 9:30 am EST

COLUMBUS, OH--(MARKET WIRE)--Jan 6, 2009 -- Belron US, the nation's leading vehicle glass repair and replacement company, has completed the acquisition of substantially all of the assets of Cindy Rowe Auto Glass.

Cindy Rowe Auto Glass is a well-respected company with the prominent vehicle glass repair and replacement brand in the central Pennsylvania area.

"Cindy Rowe's excellent service delivery and high brand recognition made it attractive to us," said Tom Feeney, Belron US president and CEO. "We feel the acquisition is fully aligned to our goal to become the 'natural choice' for vehicle glass repair and replacement services in the U.S."

The acquisition was announced in August 2008 and the deal closed December 31.

A team of Belron US associates, led by John Sadler, Belron US vice president of warehouse operations, will work closely with the Cindy Rowe Auto Glass management team to formulate integration plans which are expected to be implemented over the next six to nine months.

"Our company recognizes the strength and value of the Cindy Rowe brand name," added Feeney. "We will work with the Cindy Rowe team to learn more about the brand's history and strategy before we determine our final plan. Until that time, it is business as usual and no brands will change."

Founded in 1980 by registered nurse Cindy Rowe, Cindy Rowe Auto Glass has grown from the windshield repair operation that started in the trunk of her Chevrolet Vega to a Harrisburg, Pa.-based company with 12 store locations and 76 employees serving close to 50,000 customers each year.

Cindy Rowe and Dave Taylor, chief operating officer, plan to remain involved for the next three years as consultants for Belron US.

About Belron US

Belron® US, a subsidiary of Belron® SA, is a multi-faceted vehicle glass and claims management service organization based in Columbus, Ohio. The company is composed of three major business operations that include vehicle glass fulfillment services, operating under the trade names Auto Glass Specialists®, Cindy Rowe Auto Glass, Diamond Triumph Glass(TM), Elite Auto Glass(TM) and Safelite AutoGlass®; windshield manufacturing; and Safelite Solutions® which offers fleet and insurance claims management services. The company employs more than 7,700 people throughout the United States.

Contact:

     Media Contact:
     Jenny Cain
     614/210-9460
     614/354-0553 (mobile)
      

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