SOURCE: Safelite AutoGlass

Safelite AutoGlass

October 01, 2009 12:30 ET

Safelite AutoGlass Parent Completes Acquisition of IGD Industries' Vehicle Glass Repair and Replacement Assets

COLUMBUS, OH--(Marketwire - October 1, 2009) - Belron® US, operators of Safelite AutoGlass®, the nation's leading vehicle glass repair and replacement company, has completed the acquisition of the vehicle glass repair and replacement assets of IGD Industries. These businesses include Auto Glass Center, Inc.; Auto Glass Center of Kansas, Inc.; Arnie's Auto Glass Center; Glass Installations, LLC (DBA Midwest Auto Glass Center); JC's Glass LLC; and Globe of Iowa LLC (DBA Nationwide Auto Glass) and Alliance Claims Solutions, Inc.

The acquisition was announced on September 23 and the deal closed effective September 30.

"This acquisition brings together two businesses that complement each other well," said Tom Feeney, Belron® US president and chief executive officer. "We are thrilled to welcome this new group of talented people into our family and will now begin discussions on how we can work together."

Approximately 450 employees working for Alliance Claims Solutions and the Auto Glass Center family of brands operating 78 stores in 16 states primarily in the Midwest and Western regions of the United States join Belron® US bringing the company's headcount to 9,000.

"For now we want everyone to continue to do what they do everyday... provide the best possible service to our customers," said Feeney. "Until we formalize action plans related to the integration of the businesses, our people will continue to work as they do today and report to the same individuals."

The Belron® US and Auto Glass Center and Alliance Claims Solutions leadership teams under the direction of John Sadler, vice president, supply chain development and business integration, will work together to formalize integration plans, which are expected to be implemented over the next few months.

IGD Industries (formerly Iowa Glass) is based in Cedar Rapids, Iowa and has been in business since 1946.

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, which has been in business since 1947, is comprised of four major business operations that include vehicle glass repair and replacement services, operating under the trade names Safelite AutoGlass®, Auto Glass Specialists®, Cindy Rowe Auto Glass™, Diamond Triumph Glass™, Elite Auto Glass™ and the Auto Glass Center family of brands; Safelite® Solutions and Alliance Claims Solutions which offer fleet and insurance claims management services; Service AutoGlass®, a wholesale and distribution operation; and Safelite Glass Corp., a manufacturing and distribution business unit. The company employs more than 9,000 people throughout the United States.

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