Automotive glass company Auto Windscreens has announced its acquisition of AA AutoWindshields, the AA’s automotive glazing business, for an undisclosed sum.
The deal will see AA AutoWindshields’ Preston offices and its 200 staff and technicians integrated with Auto Windscreens and, under a ten year partnership arrangement, the AA will continue to use Auto Windscreens to deliver glass services for AA members; its business-to-business and insurance customers.
Chris Thornton, Managing Director of Auto Windscreens commented: “This marks the beginning of a new and exciting chapter for Auto Windscreens and further reinforces our position as a leader in the industry.”
Auto Windscreens has had a turbulent recent past. Following a sale in 1998 by the-then parent company Heywood Williams, it passed through a number of hands over the next decade including HSBC Private Equity, Arques Industries and RAC plc. However it went into administration in 2011 while in the hands of Moguntia Invest. A deal with Markerstudy Insurance-owned investment group Trifords established a newco under the same name, albeit without the OE glass production facility of the original company.
Go to comments