Iowa Glass Depot's Acquisition of Precision Replacement
Parts Rocks Industry
Today's announcement of Iowa Glass Depot's acquisition of Precision Replacement
Parts caught some members of the industry by surprise.
"Where is it all going to end?" was the initial reaction of
Nathan Hemperly, a shop owner in Idaho. "Will the insurance companies
and TPA's now realize that with this merger and the major glass manufacturers
and distributors raising prices that a price increase is the only direction
any new O&A should go?" he queried.
"I see these measures as a further step into persuading the industry
away from NAGS benchmarking and, ironically as PPG has been the one leading
in the price increases and fuel fees, I also think it is forcing glass
shops to look more and more into dropping networks," said Corey Hemperly,
also with Windshield Doctor in Idaho.
Not everyone views the move as a bad one.
"We think it is a smart move. It fits well with Iowa Glass. We are
surprised they did not do this earlier," said Henri Goudsmit, division
manager at AEGIS Tools International.
HERE to discuss the transaction on the AGRR message board.