Belron Canada buys Autostock glass operations

Belron Canada Inc., a Montreal-based subsidiary of Belron S.A., a vehicle glass repair and replacement company, has signed an agreement to acquire the Canadian glass operations of TCG International Inc.’s Autostock International Division, headquartered in Burnaby, British Columbia.
The transaction is scheduled to be completed in November 2005, subject to customary regulatory approvals.
“We are excited about the opportunity to provide the best service in all areas of the country, taking advantage of the complementary strengths of the two companies and adding value to our partners and customers,” Gary Lubner, CEO of Belron S.A., said. “I am confident that the valuable brands of Autostock International and Belron Canada, together with the employees and franchisees who operate them, will provide enormous value to our company and the Canadian consumer.”
Allan Skidmore, co-executive chairman and CEO of TCG International’s Automotive Group, said Belron is "the best positioned company to continue to build these businesses and I am pleased to see these two companies come together. I am fully satisfied that Belron will build upon the successful strategies and business we have put in place.”
Belron Canada has 230 service centres and 32 distribution facilities across 10 provinces. It operates under three retail banners – Lebeau Vitres d’autos, Standard AutoGlass, DURO vitres d’autos – and conducts its wholesale activities under the Vanfax and Technicentre Plus trade names. It also offers claims management services.
Autostock International’s Canadian glass operations provide services and solutions for auto glass repair and replacement under three banners Speedy Glass, Apple Auto Glass, Novus Repair and Replacement. With 260 service centres and 33 distribution facilities in Canada, Autostock International offers claims management services through the 1st Report Claims Services division.