Expects Mitchell Merger to Bring Limited Changes (If Any) to NAGS
Mitchell International, the parent company of National Auto Glass
Specifications International (NAGS), announced the signing of a
definitive agreement under which they will combine in a merger-of-equals
transaction valued at $1.4 billion this afternoon. Jesse Herrera,
senior vice president of product management and marketing, told
glassBYTEs.com/AGRR magazine that few, if any, changes
are expected for the NAGS business.
"With respect to NAGS and how it might be affected, the reality
is we expect that there will be relatively limited changes, if any,
to the NAGS business," Herrera said.
Herrera noted that CCC does not have any glass program in place
currently-allowing this business to remain as is.
"It is not an area of overlap to our two companies. It is a
unique business to Mitchell," he said. "It is more of
a complementary product line for the two companies than an area
He added, "Overtime we expect [the merger] to be a good thing."
HERE for full text of press release from Mitchell.
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