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Belron Us
Belron US to Acquire Assets of Diamond Glass
July 6th, 2008
Belron US, the nation's leading vehicle glass repair and replacement company, announced that it 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. Diamond filed for chapter 11 bankruptcy protection on April 1 and was put up for sale under a S363 process. "Diamond Glass has a long and distinguished history," said Tom Feeney, president and CEO of Belron US. "Our team felt the acquisition could contribute to providing better service to our customers and would enable us...
Source: Pharma Investments, Ventures & Law Weekly (2008-07-06)
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