Auto Windscreens gets new owner

Peter Fox, managing director, Auto Windscreens
Peter Fox, managing director, Auto Windscreens

The owner of Auto Windscreens has sold its stake in the company to a new majority shareholder one year after acquiring the firm.

ARQUES Industries AG has transferred ownership of the glazing company to MOGUNTIA invest GmbH, which is controlled by Christian Daumann.

Daumann was the ARQUES executive responsible for the original purchase in December 2008, and has worked closely with its managing director, Peter Fox, who will continue in this role.

Fox said: “Auto Windscreens’ strategy and direction will continue. It is one Christian and I believe in and have been fully involved since its inception at the beginning of the year.

“The Company has come a long way in 12 months. It is now financially robust and we have developed a strong platform on which to build the business further.”

The company, which was founded in 1971 and employes 1600 people, was acquired by ARQUES Industries AG from Aviva in December 2008 for a symbolic purchase price.

Following the acquisition, Auto Windscreens was established as an independent brand, strict cost management was introduced and a new senior management team was appointed earlier this year.

All existing management structures within the company will remain.

Published by emmabutcher

Emma has been CAT's editor since January 2008. There isn't much she doesn't know about the aftermarket - and her favourite topic is definitely BER!

CAR SEAT FACTORY ASSETS ON SALE

Sale comes in the wake of Honda ceasing production in the UK

Read More

TRICO LAUNCHES TRADE CUSTOMER PROMOTION

‘Olympic’ giveaway to bulk customers to be run in conjunction with Pearl Automotive

Read More

ALLIANCE AUTOMOTIVE ACQUIRES J&S DISTRIBUTORS

Group breaks into Ireland with new acquisition. Alan Gaynor to remain as MD.

Read More

AFTERMARKET RECOVERY ‘HIGHER THAN EXPECTATIONS’

GiPA report finds market recovery to be ahead of predictions, but still well down on 2019 levels

Read More

ECP BOSS WARNS OF BLOCK EXEMPTION ‘EXISTENTIAL THREAT’

Andy Hamilton rails against VM ‘mini monopolies’ and demands that the UK government and the CMA take action in face of ‘abuse’ of the rules

Read More

Go to comments

Your email address will not be published. Required fields are marked *