Belron, the vehicle glass repair and replacement group that owns Safelite, said Sept. 30 it has completed the acquisition of its franchise businesses in Poland and the Czech Republic from AGC Inc., the global glass and materials company. Financial terms were not disclosed. The two businesses, which AGC operated as Belron franchisees, total 52 branches. […]
LKQ Completes Sale of Two Czech Distributors
LKQ Corporation (Nasdaq: LKQ) announced that it has closed its previously announced agreement to sell its equity interests in two Czech wholesale automotive parts distributors to Swiss Automotive Group AG. Terms of the transaction were not disclosed. Dominick Zarcone, President and Chief Executive Officer of LKQ, stated, “This divestiture reinforces our ongoing commitment to rationalizing […]
LKQ Corporation to Sell Two Czech Distributors
LKQ Corporation (NASDAQ:LKQ) announced an agreement to sell its equity interests in two Czech wholesale automotive parts distributors to Swiss Automotive Group AG. Terms of the transaction were not disclosed. In May 2018, the European Commission cleared LKQ’s acquisition of Stahlgruber GmbH, with the exception of Stahlgruber’s two wholesale businesses in the Czech Republic, which […]