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Tag Archives: Belron
Global auto glass company Belron, parent company of Safelite AutoGlass in the U.S., has launched a syndication in the institutional loan market for new term loans on a best effort basis. According to the company, the new loans of $2.6 … Continue reading
D’Ieteren Group presented its full-year 2020 results, including those of Belron (which owns Safelite Autoglass in the United States). Belron’s organic sales declined by 7.5%, though the Group’s profit before tax improved significantly by 44.6% due in part to what … Continue reading
Autoglass, whose parent company is Belron and is headquartered in the UK, announced a two-year extension to its partnership with LeasePlan UK. The renewal of the contract will see Autoglass continue offering its auto glass repair, replacement and recalibration services … Continue reading
John Bernfell took to social media to announce that he is the new group head of sales for Cary Group, a Swedish-owned company that provides auto care solutions including windshields. Bernfell, who previously worked for Carglass Sweden, whose parent company … Continue reading
Autoglass, alongside sister companies from around the world, announced it has raised over €1.7 ($2,002,532 USD) million for global charity partner Afrika Tikkun at the 2020 Spirit of Belron challenge. This year the event took place virtually for the first … Continue reading
An email sent out this morning on behalf of Belron International, Safelite’s parent company, from Humphrey Singer may contain malware. The email contained two attachments, however, it listed “belrone.com” as the sending address, which is not a valid domain, according … Continue reading
Safelite president and CEO Tom Feeney announced major company changes today, due to the effects of COVID-19 on the auto glass industry. According to Feeney, the company has experienced unprecedented change brought on by unimaginable circumstances. “COVID-19 is a major … Continue reading
Belron, parent company of Safelite Auto Glass, has recently announced Humphrey Singer will be its new chief finance officer. According to Belron, Singer will succeed Dave Meller, who decided to leave Belron after 17 years and will be working closely … Continue reading
The United States’ Sixth Circuit Court of Appeals three judge panel ruled to dismiss Dan Wilson’s lawsuit which highlighted employee benefit plan issues at Safelite Group, Inc. (Safelite) last week. “This dispute centers on what constitutes an employee pension benefit … Continue reading
The Belron group and AGC Automotive Europe (AGC) signed a franchise agreement covering the AGC vehicle glass repair and replacement (VGRR) operations in Poland and Czech Republic. AGC currently operates 37 VGRR locations in Poland under the NordGlass brand and … Continue reading
Belron officially opened its new European distribution center in Bilzen, Belgium. According to the company, it’s the largest distribution warehouse of its kind in the world, holding 300,000 windscreens and six million parts and accessories. The new center manages deliveries … Continue reading
Due to a disagreement on visions D’Ieteren’s future, its board of directors announced today that Axel Miller will leave his position as CEO, managing director and other positions he held within the company and its subsidiaries. Belron owns Safelite Autoglass … Continue reading
Belron reported another successful year of growth in its annual report. The company credits its Fit for Growth program and selling its operations in Russia and Turkey as contributing to the increases in its fourth quarter. Belron owns Safelite Autoglass … Continue reading
D’Ietern’s full yearly results showed growth in areas including its automotive division. The international company owns a majority share in Belron, the parent company of Safelite Autoglass. There were several points of interest the company highlighted within its report regarding … Continue reading
Ronald (Ronnie) Lubner passed away December 27th in South Africa after a brief illness at age 84. He was the second generation behind the PG Group (formerly Plate Glass) which he joined as a teenager and was the driving force … Continue reading
Ronald (Ronnie) Lubner passed away December 27th in South Africa after a brief illness at age 84. To view the official release, click here. More information will be provided as it becomes available.
Belron’s latest multi-million dollar transaction is set to close early next week. According to the company, it successfully allocated a term loan of $455 million. Some of the loan requirements include its total amount being $400 euros, in addition to … Continue reading
Belron is launching a 7-year “Term Loan B” of approximately $455 million U.S. dollars (400 million Euro). The term loan is intended to be denominated in USD and would be issued by Belron Finance US LLC. The proceeds of the term … Continue reading
D’Ietern’s half yearly results, released on August 30, included all the usual financial reports and ratios you would expect from a large international company. D’Iteren owns Belron, the parent company of Safelite Autoglass. There were some interesting nuggets of information … Continue reading
Belron has grown for the first half of 2018, according to the company’s first half financial reports released last week. Its combined sales reached $2,274.95 million, up by 8.3 percent. The company’s consolidated result before taxes jumped nearly 6 percent, … Continue reading
D’Ieteren has seen consistent growth for the first half of 2018, according to the company’s second half financial reports released today. It’s adjusted result before tax group’s share increased by 17.8 percent. The company’s adjusted result before tax, group’s share … Continue reading
Tom Feeney thinks he and Mark Twain have something in common. The Safelite CEO echoes one of the Midwest’s most prolific writers, saying that reports of his demise have been greatly exaggerated. In a wide-ranging interview with glassBYTEs.com/AGRR magazine on … Continue reading
Three startups were featured in Belron’s Drive With Belron program in hopes of gaining future investments. Belron teamed up with L Marks for this project and have a combined total of $227,341 to invest in the startups. At the end … Continue reading
Belron’s sales rose 4.1 percent in 2018’s first-quarter trading update, the company reported this week. That figure represents a 9.6 percent organic increase. The company said its consumer base also grew to 4.2 million served. That’s an increase of 7.2 … Continue reading
Belron released its 2017 annual report and Gary Lubner, CEO, reported several achievements. Among them was the fact that the company extended its services into home repair, added a new shareholder and expanded the company’s Safelite Solutions program. The report … Continue reading
Belron has selected four startup companies to work with in its annual “Drive with Belron Programme.” “They will be helping us to think differently and trial innovative solutions to Belron’s market challenges,” writes the company. The four startup companies chosen … Continue reading
Belron has signed a global deal with Locpin, a smart-location application company that makes a solution designed to help technicians find the vehicle requiring repair. The partnership follows a trial between the companies working together in the United States. In … Continue reading
In D’Ieteren’s annual report issued February 28, Belron, parent company to Safelite AutoGlass, reported that its net financial debt increased in 2017 to $1 billion (EUR 1,271.9 million), a 54-percent increase on a year-over-year basis. Belron’s refinancing was complete in … Continue reading
Belron’s revenue increased by 5.5 percent in comparison to 2016, despite a mild winter in the United States, which negatively impacted Safelite’s sales in the first quarter, according to D’Ieteren’s 2017 financial report. D’Ieteren, a Belgium-based company, owns Belron, which … Continue reading
Autoglass, a vehicle glass repair and replacement company based in the UK and owned by Belron, says it has successfully trialed the latest Artificial Intelligence (AI) technology to assess the severity of vehicle glass damage. The company says this can … Continue reading
Belron Enters an Agreement to Acquire the Assets and Operations of Laser Group in Australia and New Zealand
In alignment with its service extension strategy, Belron, parent company to Safelite AutoGlass, has entered into an agreement to acquire Laser Plumbing and Electrical Group ANZ (Laser Group). The company is a provider of plumbing and electrical services to both … Continue reading
Belron, parent company of Safelite, in partnership with L Marks, announced recently that it plans to run its “Drive with Belron” startup accelerator program for a third year. The program, which accepts applicants from six continents including North America, is … Continue reading
D’Ieteren announced it has signed a definitive agreement with Clayton, Dubilier & Rice (CD&R) regarding a partnership investment in Belron, parent company of Safelite AutoGlass. Under the agreement, CD&R will acquire 40-percent ownership interest in the Belron group, and D’Ieteren … Continue reading
D’Ieteren and Clayton, Dubilier & Rice Enter Exclusive Discussions Regarding Partnership Investment in Belron
D’Ieteren and Clayton, Dubilier & Rice (CD&R), a global private investment firm, announced that they have entered into exclusive discussions under which CD&R-managed funds would acquire a 40-percent ownership interest in the Belron group. Under the proposed agreement, D’Ieteren and … Continue reading
Belron has announced the acquisition of 80 percent of the shares of Maisoning Group, a French company providing home repair services (repair, renovation and emergency repairs) to both B2C and B2B customers. This acquisition is fully aligned to Belron’s service … Continue reading
Belgium-based D’Ieteren, parent company to Belron, which owns Safelite AutoGlass, reported that its automotive repair and replacement business, before taxes, reached $109.6 million USD (92 million EUR), up 6.2 percent over the previous year, according to the company’s half-year report. … Continue reading
Safelite Group, Safelite Solutions and Safelite Fulfillment LLC have responded to complaints made by Rich Campfield, founder of Ultra Bond, in his 2015 lawsuit against the company alleging it utilizes misleading advertising, damaging his business and depriving consumers of the … Continue reading
Belron continues to face a declining market in a number of developed economies, says Belron CEO Gary Lubner in D’Ieteren’s 2016 annual report. This, he says, is due to a reduced number of auto glass repairs and replacement due to … Continue reading
Belron released its 2016 financial results earlier this week and today glassBYTES offers a look at its cash flow for the company’s vehicle segment. Statement of Cash Flows for Belron (Vehicle Glass Operating Segment) in millions of US Dollars Cash … Continue reading
The 2016 financial statement released by the Belgian company s.a. D’Ieteren n.v., (D’Ieteren) on Monday provides a fascinating look at its diverse holdings, including its vehicle glass division, known as Belron. Belron also owns Safelite AutoGlass in the United States. According to the report, Belron serves 33 countries worldwide through its 2400 branches and 10,000 mobile vans. It trades under more than 10 major brand names including Carglass® and Autoglass®, as well as Safelite AutoGlass.
D’Ieteren has reported a strong financial year in both sales and growth. Belgium-based D’Ieteren owns Belron, which in turn owns Safelite AutoGlass in the U.S. The company credits its progress to market trends, to a Belron gain in market share … Continue reading
The owner of the world’s largest auto glass company released its trading update, which included an announcement of a $139 million USD (134 million Euro) impairment charge against that auto glass provider, Belron.
The Autoglass® two-day Spirit of Belron® Challenge, held September 23-24 in the United Kingdom, raised more than €1 million ($1.1 million USD) for the charity Afrika Tikkun.
Belgium-based D’Ieteren is acquiring a 41 percent stake in Milan-based Moleskine—a developer and seller of specialized notebooks, as well as writing, travel and reading accessories—and plans to launch a public takeover offer for the remaining shares.
Dan Wilson, former president and CEO of Belron U.S. and Safelite Group, has filed a complaint against the company alleging that its nonqualified deferred compensation plan was mismanaged, causing him to lose millions of dollars in owed income taxes, penalty and interest.
Belron’s organic sales growth of 4.6 percent was mainly driven by the United States, the United Kingdom and Germany, according to D’Ieteren’s half-year update. Belgium-based D’Ieteren owns Belron, which in turn owns Safelite AutoGlass in the U.S. Belron’s sales were … Continue reading
With Britain slated to leave the European Union (EU) following a national referendum popularly known as Brexit, much uncertainty remains. This is particularly true for London-based companies such as Belron, which has both a European and global presence.
Belron’s organic sales from continuing operations grew 6 percent in the first quarter thanks in large part to continued market gains in the United States, according to D’Ieteren’s first quarter update. Belgium-based D’Ieteren owns Belron, which in turn owns Safelite … Continue reading
Safelite AutoGlass appears to be investing in paid advertorials and native advertising to ramp up its market share. The company is utilizing paid search and “significantly” investing in digital advertising, said Gary Lubner, CEO of Belron, in D’Ieteren’s annual 2015 report.
United Kingdom-based Autoglass® has appointed Nick Cleary and Sarah Ringrose to the newly created roles of customer and digital director, as well as head of customer experience, respectively. Autoglass® is owned by Belron.
A record-setting $340,000 raised from the 7th Annual Safelite Challenge will be donated to Afrika Tikkun, a charitable organization co-founded by Bertie Lubner who also was the co-founder of Safelite AutoGlass’ parent company, Belron.
Belron faces declining market conditions in many countries, though, a second strong winter in the United States in 2015 helped to bolster business, says Gary Lubner, CEO of Belron, in D’Ieteren’s annual 2015 report.
“2015 was a much better year for Belron,” according to D’Ieteren’s 2015 financial report. Belron’s sales were up 13.2 percent, including a 4.7 percent organic increase and an 8.1 percent positive currency translation impact. Belgium-based D’Ieteren owns Belron, which in turn owns Safelite AutoGlass in the United States.
More than 30 people have died and dozens more injured in terrorists attacks carried out at an airport and metro station in Brussels, Belgium, today. This news hits home for the AGRR industry because the city is headquarters to D’Ieteren, parent company to Belron, which in turn owns Safelite AutoGlass in the United States.
Repair and replacement jobs for Belron increased by 3.2 percent to 10.9 million in 2015, primarily due to a harsh winter in the United States which saw more replacements versus repairs, D’Ieteren management said in their annual report. D’Ieteren is parent company of Belron, which in turn owns Safelite AutoGlass (SAG) in the United States.
Belron has teamed up with Advisia Investimentos to form a joint venture in Brazil. Under the agreement, the automotive glass repair and replacement unit of D’Ieteren sold 60 percent of its investment in Carglass Brazil to Advisia for $1.08 million USD (€1 million in Euros).
From driverless vehicles to criminal charges, acquisitions and Advanced Driver Assistance Systems (ADAS) calibration, 2015 was a big year for the AGRR industry. News from the big technology show in Las Vegas—CES—Safelite, C.R. Laurence, Belron, Pittsburgh Glass Works (PGW) and … Continue reading
“Will glass breakage stop and go to zero? Absolutely not. But we have seen breakage decline and we’ve seen it over a number of years. We’re not seeing it change,” said Gary Lubner, CEO of Belron during an investor day conference for D’Ieteren held last week in London. As demand for AGRR services declined worldwide, what has helped drive the company’s growth from 5.3 million AGRR jobs in 2005 to 11 million in 2014? The answer: United States-based Safelite, according to the CEO.
Could AGRR technicians of the future need tools such as Google Glass to “ensure that they have the expertise to create a perfect fit for any windshield in any car no matter what technology it contains?” Belron’s management thinks this could be the case in a new report called “Window to the Future.”
United Kingdom-based Autoglass® has launched a solution to replace and recalibrate windshields equipped with Advanced Driver Assistance Systems (ADAS). The program is in the piloting process and will be soon rolled-out throughout the country.
D’Ieteren, which owns Belron (parent of Safelite AutoGlass), has launched a website devoted to Volkswagen emissions questions for its auto distribution division in Belgium.
D’Ieteren’s management is keeping a close eye on the development of Volkswagen’s emissions scandal. D’Ieteren, which owns Belron (parent of Safelite AutoGlass), also owns an auto division which distributes Volkswagen, Audi, Seat and Skoda vehicles throughout Belgium.
D’Ieteren, parent company to Belron and Safelite, reported six-month consolidated results before taxes for its automotive repair and replacement business reached $90.3 million USD (80.4 million EUR), up 60.2 percent over the prior year, mostly due to increased sales in the United States, tight cost control and the impact of restructuring in Europe, according to the company’s report.
Belron, parent company to United States-based Safelite AutoGlass, has expanded into Latvia, the Balkans, Bosnia, Montenegro, Kosovo and Macedonia through franchise arrangements.
Belron, parent company to United States-based Safelite AutoGlass, has acquired the Autotaalglas franchise business in the Netherlands. Autotaalglas was founded in 1986 by Pieter van Spaendonck and has since grown into a nationwide franchise organization. Its corporate office is in … Continue reading
D’Ieteren today reported the company’s first quarter 2015 results. The publicly traded Belguim-based owner of Belron, (the parent of Safelite AutoGlass in the United States) reported that the number of automotive glass repair or replacement jobs it completed worldwide were down 4 percent to 2.6 million. Organic growth for the first quarter this year was flat with only a .9 percent increase over the same period in 2014. Total first quarter 2015 sales for Belron are 10.2 percent higher than the prior year, mostly due to currency exchange rates. The 10.2 percent growth included the 0.9 percent of organic growth, 0.2 percent from acquisitions and 10.1 percent from positive currency translation effect. This was partially offset by a 1.0 percent decline due to one less trading day in the first quarter of 2015 than in 2014.
D’Ieteren, parent company to Belron and Safelite, has released its 2014 annual report with a Belron chapter titled “Responding to Market Challenges.” A portion of the 166-page report, including a Q&A section with Gary Lubner, Belron’s CEO, is devoted to the business trends for the company’s automotive glass repair and replacement business, which includes Safelite AutoGlass.
Windshields can account for up to 30 percent of the structural integrity of a car, yet drivers are “largely unaware of the safety risked posed by compromised windshields,” according to a statement from United Kingdom-based Autoglass, which is a part of Belron.
D’Ieteren released its financial reports for full-year 2014 today. The company’s full-year sales for the automotive glass repair and replacement division are up 1.3 percent. D’Ieteren is the parent company of Belron, which owns Safelite.
After an annual review of goodwill and intangible assets by D’Ieteren, it is reporting a non-cash impairment charge for Belron of $121.9 million USD (€98 Euros), which “will be necessary in relation to the activities of Belron in the United Kingdom and in China.”
Autoglass U.K., which is owned by Belron, appears to be transitioning to an all mobile service model. Approximately 180 employees may be let go as a part of this change, according to a company spokesperson.
United Kingdom-based Autoglass, which is owned by Belron, is closing 100 locations and going to a mobile service platform, according to a local report.
D’Ieteren, parent company to Safelite and Belron, has purchased 17,313 treasury shares at an average price of €28.14 in Euros per share on Euronext Brussels from October 14-22, 2014.
D’Ieteren, parent company to Belron and Safelite, reports that six-month sales for the automotive glass repair and replacement division are down 0.5 percent. The “extreme winter weather in the U.S. and market share gains in a majority of countries,” bolstered results. However, an “exceptionally mild winter weather in Northern Europe” had a negative impact.
D’Ieteren, parent company to Belron and Safelite, reported that first quarter automotive glass repair and replacement sales were one percent higher over the same period of 2013 largely due to a 3.1 percent organic increase and 2.2 percent growth from acquisitions. Sales were negatively impacted by “unexpected unfavorable weather conditions in Northern Europe, which resulted in temporary overcapacity in those geographies,” officials wrote in the company’s report.
In a presentation earlier this year available on the web, D’Ieteren’s management delved into how Belron contributes to the parent company. The company has two main divisions—Belron and D’Ieteren Auto. Belron, its vehicle glass repair and replacement business, which includes Safelite, contributes 52 percent of sales to the parent company, while its operating result represents 79 percent of business. Ninety-four percent of the company’s staff falls into the Belron category—25,645 individuals.
Belron recently chose multilateral netting software hosted by Coprocess. The system will encompass Belron Group’s treasury operations, including Autoglass and Carglass.
D’Ieteren, parent company to Belron and Safelite, reported today that full-year 2013 automotive glass repair and replacement jobs are up by 4.6 percent to 10.8 million.
Belron is closing Glass Medic’s Columbus, Ohio, distribution center. The company will now serve Belron’s business units exclusively, including Safelite, according to Melina Metzger, public relations manager for Safelite.
The D’Ieteren Board of Directors has appointed Pierre-Olivier Beckers by co-optation as an independent director. The ratification of this appointment is subject to the approval of the shareholders at the ordinary general meeting on June 5, 2014. D’Ieteren is the parent company for Belron and Safelite.
Safelite® Group announces the retirement of Gerry Tann, vice president of field sales, as of September 26, 2013. Tann joined Safelite 23 years ago and has served in many roles, including assistant vice president of Service AutoGlass® and commercial and … Continue reading