Cindy
Rowe Sale to Belron US Closes
The sale of Cindy Rowe Auto Glass to Belron US closed today, according
to Belron US spokesperson Jenny Cain.
"The deal has been completed and Belron US has acquired substantially
all the assets of Cindy Rowe Auto Glass," Cain told glassBYTEs.com/AGRR
magazine.
The terms of the sale were not disclosed, and Cain says further details
will be available next week, once the company has an opportunity to meet
with associates in the Harrisburg market.
Belron US had announced in August that it had signed a letter of intent
to purchase substantially all of the assets of the Harrisburg, Pa.-based
chain, and since August, the company has maintained that the deal was
expected to close by end of year.
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, 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).
Need more info and analysis about the issues?
CLICK
HERE to subscribe to AGRR magazine.
|