Mygrant Purchases Auto Replacement Glass Assets of W.A. Wilson
Mygrant Glass Co. has purchased the auto replacement glass assets of W.A.
Wilson Glass Plus. Bob Hartong, president of W.A. Wilson, advised AGRR™
magazine that the decision to sell came as a result of the current marketplace.
“The main reason is, as a small independent like W.A. Wilson, it just
was getting harder and harder to compete and be profitable in the marketplace,
so I felt the right move was to exit that business and focus on our insulated
and tempered [products] and architectural aluminum and the value-added
side of our business,” says Hartong.
Though the terms of the deal have not been disclosed, Hartong
says no facilities were included in the sale.
“It was all just our auto glass assets and really the biggest thing was
our customer list,” he says.
Hartong says he detected a downturn for the automotive business several
years ago, but has seen a recent acceleration in the last two to three
“Really, we’re such a small regional independent, that trying to compete
with the PGWs, the Pilkingtons and some of the larger players, we just
didn’t have the buying power that they did, so it just made it very difficult,”
Hartong says the decision to sell was both a difficult and simple one.
“From a numbers standpoint, it was actually a pretty clear-cut decision
of what we needed to do, but from an emotional standpoint—auto glass was
such a big part of our business for so many years—it was tough,” he says.
“But when you’re talking about such first-class people like the Mygrants,
a family business that kind of has the same core values as we do as a
family business, I felt good about that, so it did make it a lot easier.”
W.A. Wilson has locations in Wheeling and Charleston, W.Va., and Canton
and Columbus, Ohio. It previously also had a retail auto glass arm, but
sold that in 2004.
NSG Reports Positive Fiscal Third Quarter for Pilkington Automotive
Pilkington parent company NSG Group has released its fiscal third-quarter
results, and company officials say cumulative revenues and profits “were
significantly ahead of the previous year” for the automotive business.
The automotive business recorded sales of $2.4 billion and an operating
profit of $175 million.
North America represented 21 percent of NSG’s automotive sales. OE revenues
were significantly above the previous year, again due to increased volumes,
according to NSG.
“Profits also benefited from the continued realization of additional cost
savings,” said the company statement. The North American auto glass replacement
business also was up slightly from the previous year, though specific
numbers were not provided.
In the European original-equipment (OE) sector, which comprises 46 percent
of the company’s automotive sales, “local currency revenues increased
strongly from last year’s levels, due to robust volumes, with a consequent
improvement in profits,” according to a company statement. NSG officials
say in Europe, its third-quarter automotive replacement results were similar
In Japan, representing 18 percent of the company’s automotive sales, revenues
were ahead of last year, “due to improved levels of demand, despite the
reduced demand in the third quarter,” writes NSG.
Boyd Group Reports Record Third Quarter, 32.1 Percent Sales Increase Over
The Boyd Group, which owns Boyd Autobody and Glass and Gerber Collision
and Glass, achieved a record third quarter for 2010—with sales up 32.1
percent from the third-quarter 2009. According to the report, the company
achieved sales of $69.0 million for the third quarter of 2010, compared
with $52.2 million for the third quarter of 2009. The company attributes
the increase to its acquisition of True2Form Collision Repair Centers
in July 2010.
The company’s same-store sales increased 4.9 percent, excluding the impact
of foreign exchange translation, according to the report, and its gross
margin was 45.7 percent (compared with 44.9 percent in 2009).
Boyd’s EBITDA totaled $5.0 million compared with adjusted EBITDA of $3.8
million in the third quarter of 2009—a difference of 24 percent. The company’s
net earnings for the quarter were $3.2 million, or 4.6 percent of sales,
compared with $2.2 million, or 4.3 percent of sales, in the third quarter
Sika Opens New Warehousing Operations in Marion, Ohio
Sika Corp. has announced the opening of a new 200,000-square-foot warehousing
facility at its Marion, Ohio, location.
Company officials say the new facility will offer a consolidated shipping
point and expedited material flow for its multiple business units.
“The Marion warehouse operation serves as one of several centralized distribution
centers for nine business units within Sika Corporation,” says senior
marketing coordinator Michelle Wojnicki. “This includes automotive and
aftermarket (AGR and flat glass) products.”
The transition to the new facility should be concluded by end of April
2011, according to the company. The former warehousing space occupied
in the plant will be converted to additional manufacturing capacity.
ABRA Opens Five Repair Centers in Three States
ABRA Auto Body and Glass has opened five new repair centers. Three of
the centers are corporate-owned, and two are franchises.
The corporate centers were opened in Tucker, Ga., a suburb of Atlanta;
and Glendale, Wis., and Waukesha, Wis., both of which are Milwaukee suburbs.
The new franchise centers are located in Clinton, Iowa, and Wisconsin
Rapids, Wis. The Clinton franchise agreement was awarded to John McEleney,
who has been operating under the name of McEleney Collision. McEleney
also owns Chevrolet, GMC, Buick, and Toyota franchises in Clinton, according
to a statement from ABRA.
Allen Taylor has opened the repair center located in Wisconsin Rapids.
Taylor previously operated under the name of Rapids Ford Body Shop. He
also is the owner of Rapids Ford-Lincoln-Mercury.
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