Aftermarket auto glass business sale finalised
Guardian Europe Sàrl has finalised the sale of its Guardian Automotive aftermarket glass fabrication and distribution business to PARTER Capital Group AG.
The transaction includes automotive glass fabrication operations in Llodio and Valencia, Spain, plus a warehouse in Karlsruhe, Germany. The purchase does not include Guardian´s float glass business in Llodio, Spain, nor does it affect SRG Global, Guardian’s automotive trim manufacturing business.
Guardian Automotive offers a full range of premium quality automotive replacement glass of OEM-like quality and meets all the required EU standards. PARTER Capital Group AG has said that it is committed to the future of the business and expressed enthusiasm about the opportunity to work with the employees.
According to Dr Rüdiger Terhorst, Managing Partner of PCG, the deal represents an important milestone in his company’s strategy of investing in key assets for the automotive sector and confirms its confidence in the industry, as well as Guardian Automotive’s operations, staff and employees.