Posted: July 2, 2008

From aftermarketNews Staff & Wire Reports

COLUMBUS, Ohio -- National vehicle glass repair and replacement company Belron US has closed its acquisition of substantially all of the assets of Diamond Glass.

The acquisition was announced on June 20 and the deal closed effective June 30.

"The transaction marks the beginning of a transition of the Diamond Glass operating model to the Belron US operating model," said Tom Feeney, Belron US president and CEO. "The effort will be led by the Belron US senior management team in Columbus, Ohio."

The acquisition is the continuation of Belron US's mission to profitably grow in the U.S. and to become the customer's "natural choice" for vehicle glass repair and replacement services. Growth will come from expanding the company's existing sales and profit base, as well as through additional strategic, targeted acquisitions.

A team of Belron US associates, led by John Sadler, Belron US vice president of warehouse operations, will work closely with the Diamond Glass management team to formulate integration plans which are expected to be implemented over the next 30 to 60 days.

"For now, we want our associates to remain focused on providing the high levels of service that are the cornerstone of any successful business," said Feeney. "Until we have time to formally announce and implement transition plans, our workforces will continue to function in the same professional, efficient and customer-focused manner that they always have."

For more information about Belron US, go to: www.belronus.com.