Friday, 11 March 2011

Buyer found for Auto Windscreens

The Windscreen repair brand, Auto Windscreens was placed in administration last month (February), when additional capitalisation for the business could not be found. A buyer has emerged for some of the companies assets and use of the brand name. Markerstudy Group a major player in the Motor Trade insurance market, has acquired the business assets from the previous owners a private equity firm.

In a press release from Auto Windscreens, the company strikes a positive note for a 'bright future' with the creation of 250 new jobs in the business. The intention is to compete as a major player within the UK windscreen market place. The Markerstudy Group currently employs 500 staff in the UK with head offices located in Kent.

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