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Tag Archives: D’Ieteren Group
European Commission Imposes ‘Disposal’ of PHE’s Specialized Glass Repair Activities
Parts Holding Europe (PHE), a subsidiary of the D’Ieteren Group, has entered into “exclusive negotiations” with MACIF for the disposal of its specialized glass repair activity Mondial Pare-Brise. Disposal of PHE’s specialized glass repair activities was imposed by the European … Continue reading
Posted in glassBYTEs Original Story
Tagged D'Ieteren Group, MACIF, Mondial Pare-Brise, Parts Holding Europe
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D’Ieteren Group Resumes Buy Back of Shares, Sets Future Plans
D’Ieteren Group, which owns 50.01% of Belron, the owner of Safelite AutoGlass and Safelite Solutions in the United States, continued its plan this week to buy back shares for nine to 12 months. The Group’s board of directors decided in … Continue reading
D’Ieteren Group Announces the Launch of a Transformational Project for its Headquarters
In response to the growth of the Group’s businesses and the changing urban environment, D’Ieteren Group has launched a project to upgrade its historic site and head office. In so doing, it is demonstrating its commitment to keep its roots … Continue reading
Posted in glassBYTEs Headlines
Tagged auto glass, Brussels, D'Ieteren Group, headquarters, windshield repair, windshield replacement
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D’Ieteren Group Proposes Acquisition of Parts Holding Europe
D’Ieteren Group, in exclusive negotiations, has issued a binding offer with Bain Capital Private Equity to acquire 100% of Parts Holding Europe (PHE). D’Ieteren Group is one of the owners of Belron, owner of Safelite AutoGlass and Safelite Solutions. PHE … Continue reading
Belron: New Shareholders, CD&R Changes Name in Partnership
Belron, which operates Safelite® AutoGlass and Autoglass®, welcomed new shareholders on December 17. As previously reported, Hellman & Friedman, BlackRock Private Equity Partners and GIC joined the company’s list of shareholders with the completion of the acquisition of a combined … Continue reading
Posted in glassBYTEs Original Story
Tagged 2022, Belron, D'Ieteren Group, shareholders
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D’Ieteren Group Outlook is Continued Growth
D’Ieteren Group, which owns 50.01% of Belron, showed a strong recovery in the first half of 2021 compared to 2020. Belron operates Safelite AutoGlass and Safelite Solutions. According to a statement, all businesses owned by the Group contributed to its … Continue reading
Posted in glassBYTEs Original Story
Tagged Belron, COVID19, D'Ieteren Group, financials, Safelite
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Belron Shares Repurchased and Disposed in Contract
D’Ieteren Group, which owns Belron, the parent company of Safelite AutoGlass and Safelite Solutions, announced the purchase and disposal of treasury shares between Sept. 3 and Sept. 7, 2021. D’Ieteren Group signed a liquidity contract on Sept. 3 with Kepler … Continue reading
Posted in glassBYTEs Original Story
Tagged D'Ieteren Group, Safelite AutoGlass, Safelite Solutions
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Belron Allocates New Term Loans
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
Posted in glassBYTEs Original Story
Tagged Belron, D'Ieteren Group, Safelite AutoGlass
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Belron Profits Rise Despite Pandemic and Decreased Sales
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
Posted in glassBYTEs Original Story
Tagged Belron, COVID, D'Ieteren Group, Safelite AutoGlass
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Axel Miller Leaves D’Ieteren
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 Net Debt Up, 2018 Outlook
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
Posted in glassBYTEs Original Story
Tagged Belron, D'Ieteren Group, Safelite, Safelite AutoGlass
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Longtime D’Iteren Board Chairman to Step Down
After almost half a century of loyal service to the company, including 30 years as managing director and 42 as chairman of the board, Roland D’Ieteren will retire 1 June 2017, according to a December 19 D’Iteren press release. Continue reading
D’Ieteren Trading Update Reports Belron Impairments
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. Continue reading