AGRR - November/December 2007 - AGRR Magazine

AGRReportscontinuedCS Automobile Glass will become awholly-owned subsidiary of Xinyi Glass.The total consideration for the acquisitionis approximately $30.92 million(USD) in cash, which will be financed byinternal resources of the group.“The acquisition agreement willallow us to immediately expand productionscale for automobile glass,”says Lee Yin Yee, chairman of XinyiGlass. “Our leadership in the globalautomobile glass market will also bestrengthened as our customer baseand share in the export market will beenlarged through eliminating a competitor.The acquisition will see ourautomobile glass business grow at increasingspeed.”KUDOSExperience thefusion of three.FREE Apple iPod touch! New technology! Auto Glass Tech SolvesHit-and-Run CaseMichael Lester, owner of DependableAuto Glass in Oregon, Wis., wasn’taware that a local hit-and-run had occurredwhen he replaced the windshieldof a minivan owned by FelixRomero-Ocotl on March 14. But whenhe heard a radio report a few weekslater that police were looking for aminivan with a tinted backlite and noluggage rack on top, this particular replacementcame to mind.He called the police, who were ableto locate the vehicle and bring it in fortesting and confirm that it was involvedin the accident. While thedriver told police he had hit a deer,Lester says the vehicle owner didn’ttell him anything about the damage—and he didn’t ask.“The guy was really nervous,”Lester says. “He had the vehicle coveredunderneath a tarp behind hishouse … It was cold, and he was in hispajamas wrapped up in a blanket. Hewouldn’t leave me alone. He sat thereand stared at me the whole time.”Lester says when he heard theradio reports about the hit-and-run,he remembered the incident—andthe fact that the vehicle owner livednear the accident scene.He also noted some other suspicionsabout the vehicle itself.“I smelled booze inside the vehicle—thatstale smell,” he says.The victim, Lucas Peerenboom, 20,was struck on March 10 and laterdied. Romero-Ocotl called Lester’sshop the next day for a quote and thecontinued on page 1816 AGRR November/December 2007 www.agrrmag.com