Latest News in Auto Glass

  • 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
  • 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....
  • 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...
  • 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...
  • 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...
  • 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.
  • 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.  “...
  • 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...
  • Officials 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...
  • Officials 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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What's Hot

  • Officials from Saint-Gobain announced it acquired a controlling interest in Sika for $2.8 billion. Saint-Gobain purchased the controlling share—16.1 percent of Sika’s capital and 52.4 percent of its voting rights— in a confidential auction process from the Burkard-Schenker family, which owns the majority stake in Sika, according to a Dec. 8 Reuters report.“Given the proximity of Sika’s activities...
  • Trulite Glass & Aluminum Solutions LLC has finalized its acquisition of Houston-based Texas Tempered Glass Inc., a producer of high performance glass products for architectural, industrial, commercial and custom applications, as of Nov. 19, 2014. Financial terms of the private transaction were not disclosed.With the completion of this transaction, Trulite will expand its presence in the Texas...
  • Things are looking up for the worldwide glass industry, as an optimistic outlook and overall mood permeated the show floor during glasstec 2014, held Oct. 21-24 in Düsseldorf, Germany. Following glasstec 2012, a successful event in the face of economic uncertainty, glasstec 2014 indicated positive market developments after several years of a sluggish North American and worldwide economy....