Rowe Acquisition Still on Schedule, Cain Reports
Though Belron US spokesperson Jenny Cain was not able to provide any
further updates or information on the company's scheduled acquisition
of Harrisburg, Pa.-based Cindy Rowe Auto Glass, she was able to report
this week that the transaction is still on track to close as expected.
"The deal is still expected to close by the end of 2008," says
Belron announced in late August that it had signed a letter of intent
to purchase substantially all the assets of the company.
Currently, the companies are undergoing the due diligence process, which
Cain had previously reported takes approximately 90 days.
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.
The announcement of the purchase came just more than two months after
Belron US emerged as the successful bidder in the sale of Diamond Glass
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