Completes Sale of Harmon AutoGlass to Glass Doctor
Apogee Enterprises Inc. has announced that it has completed the sale of
the stock of Harmon AutoGlass, its retail auto replacement glass business,
to Synergistic International Inc., doing business as Glass Doctor, a subsidiary
of The Dwyer Group. Terms of the agreement were not disclosed.
Apogee had previously announced that it had entered a definite purchase
agreement with Glass Doctor, as part of its long-term strategic realignment
to focus on opportunities in the company's architectural glass products
and services and picture framing glass businesses.
"We're pleased that a leader in the auto replacement glass industry,
Glass Doctor, will be taking Harmon AutoGlass to a new level of competitiveness,"
said Russell Huffer, Apogee chairman, president and chief executive officer.
"I would like to thank the Harmon AutoGlass employees for their significant
contributions to Apogee over the years."