Belgium“s largest car distributor D“Ieteren said on 20 June 2008 that its glass repair subsidiary Belron would acquire Diamond Glass, a US competitor for USD 50 million.
“D“Ieteren“s guidance for…
Belgium“s largest car distributor D“Ieteren said on 20 June 2008 that its glass repair subsidiary Belron would acquire Diamond Glass, a US competitor for USD 50 million. “D“Ieteren“s guidance for its consolidated 2008…is not impacted by this acquisition and therefore remains unchanged”, the group said. Diamond Glass, based in Pennsylvania, reported sales of USD 187 million for 2007 and employs about 1,600. D“Ieteren, which also has a majority stake in Europe“s biggest car rental company Avis, distributes the Volkswagen, Seat, Audi, Skoda, Bentley, Porsche and Lamborghini brands in Belgium.