Sale of Diamond Glass Assets to Belron US is Complete; Business as Usual for Now

The sale of the assets of Diamond Glass to Belron US closed yesterday, as scheduled, according to both a press release issued by Belron US, and a statement issued by Diamond counsel Michael Richman of Foley & Lardner.

"The acquisition closed successfully [yesterday] morning," said Richman.

According to a company press release, Belron US vice president of warehouse operations John Sadler will head up the formulation of the plan to integrate Diamond into the company's operations. Once finalized, the integration plan is expected to be implemented over the next 30 to 60 days. Until then, Belron US spokesperson Jenny Cain says it's "business as usual" at both companies.

"For now, we want our associates to remain focused on providing the high levels of service that is the cornerstone of any successful business," she says.

Tom Feeney, Belron US president and chief operating officer, echoed Cain's thoughts in sa press release issued by the company.

"Until we have time to formally announce and implement transition plans, our work forces will continue to function in the same professional, efficient, and customer-focused manner that they always have," Feeney says.

CLICK HERE for the full text of the press release issued by Belron US.

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