Central Glass Credits Guardian Deal for Bolstering Full-Year Automotive Glass Sales

Fotolia_19274779_XLCentral Glass Co., parent company to Carlex Glass America, reported that fiscal 2015 full-year sales for its automotive glass segment were strengthened by the 2014 purchase of two Guardian subsidiaries.

Sales for the automotive glass segment were $1.07 billion USD (108,500 million Yen), compared to $627.9 million USD (67,000 million Yen) for fiscal 2014 full year.

“For automotive glass, net sales exceeded those of the previous fiscal year because of strong automotive markets in North America and the effects of acquiring two subsidiaries of Guardian Industries Corp., a U.S.-based corporation, although domestic shipments of light vehicles decreased,” according to the company’s report.

In November 2014, Central Glass Co. closed its acquisition all of the outstanding shares of two subsidiaries of Guardian Industries Corp.: Guardian Automotive Products Inc. (GAPI), formerly headquartered in Sterling Heights, Mich., and Guardian Automotive-E S.A. (GA ESA), formerly headquartered in Luxembourg.

This transaction included three automotive glass manufacturing sites and the GAPI headquarters. The glass plants are located in Auburn, Ind.; Ligonier, Ind.; and Grevenmacher, Luxembourg.

The acquired subsidiaries were added to the Carlex brand.

Central Glass Co. as a whole reported net sales were up 18.3 percent to $2.2 billion (235,361 million Yen) for fiscal 2015.

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