Belron US Spokesperson Confirms Company's Intent to Purchase Cindy Rowe Auto Glass
Belron US has signed a letter of intent to purchase substantially all of the assets of Harrisburg, Pa.-based Cindy Rowe Auto Glass, according to Jenny Cain, spokesperson for the Columbus, Ohio-based company. glassBYTEs.com/AGRR had previously reported that the companies were in final negotiations, based on reports from an unnamed source at Cindy Rowe, but had not been able to confirm this with Belron US. (CLICK HERE for related story.)
"The companies will go through a due diligence process for approximately 90 days," she says. "Throughout the due diligence process Belron US and Cindy Rowe Auto Glass will continue to operate as separate and independent entities and as competitors."
The deal is expected to close by the end of 2008, Cain says.
Dave Taylor, chief operating officer for Cindy Rowe Auto Glass, was not available for comment at press time.
Cindy Rowe Auto Glass was founded in 1980 as C. Rowe's Windshield Repair by its namesake, Cindy Rowe-Taylor. Rowe, who was and remains a registered nurse, had decided she wanted to go into business for herself and began performing repairs out of her Chevrolet Vega. In 1987, she purchased an existing auto glass replacement business in Harrisburg, Pa., and integrated it into her existing windshield repair business. Today, the business has 12 locations scattered throughout Pennsylvania and Maryland.
Rowe's husband, David Taylor, who today serves as chief operating officer of the company, joined the business in 1986, and is a founder and past president of the National Windshield Repair Association (NWRA). He serves on the NWRA Board of Directors.
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