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Belron to buy Cindy Rowe

Post Time:Aug 28,2008Classify:Industry NewsView:175

Belron US,Columbus, Ohio,has signed a letter of intent to purchase substantially all of the assets of Harrisburg, Pa.-based Cindy Rowe Auto Glass, says Jenny Cain, public relations manager, Belron US.

"The companies will go through a due diligence process for approximately 90 days," Cain says. "Throughout the due diligence process Belron US and Cindy Rowe Auto Glass will continue to operate as separate and independent entities and as competitors. The deal is expected to close by the end of 2008."

Cindy Rowe representatives did not answer questions about the purchase.

In other Belron news,the company will consolidate someof itsDiamond Triumph stores. "Over the past several weeks, Belron US and Diamond Triumph senior and field management have conducted a detailed evaluation process to determine the optimum number of locations needed to best serve our customers," Cain says. "All scenarios were considered: leaving all stores open; consolidating Diamond Triumph stores into Belron US locations and consolidating Belron US stores into Diamond Triumph locations."

Source: http://www.glassmagazine.com/news-item/auto/belron-buy-cindy-roweAuthor:

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