Binswanger Glass Sells Auto Glass Division to Safelite Group

Binswanger Glass announced an agreement to sell its auto glass division to Safelite Group, owner of Safelite AutoGlass. The transaction was completed on September 30.

What Binswanger leaders say

“Binswanger has been through a lot of changes over the last 150 years, and I am excited to realign our business strategy so we can focus on our core competencies in the Commercial and Residential flat glass segments of the company that represent 90 percent of the overall business,” says Mark Newsome, president and CEO of Binswanger Glass.

“This is an exciting time for Binswanger. We have a lot of strategic initiatives going on that are transforming this company to provide first-class service to our residential and commercial customers. Our brand has never been stronger or more relevant,” says Blake Hancock, CFO/COO of Binswanger Glass.

What the sale entails

The sale of the auto glass division allows Binswanger to bolster its position as a commercial and residential flat glass leader, following its mission of providing world-class service to its core customers. Meanwhile, Safelite strengthens its foundation in vehicle glass repair, replacement, and recalibration. The two companies have agreed to ensure a smooth transition over the next 30 days.