Headquartered in St. Louis, Missouri, USA, Solutia has entered into a definitive contract for the acquisition of Southwall Technologies. Southwall Technologies is a specialist in glass products and energy-saving films that significantly enhance the energy efficiency of cars, homes and buildings.
The company has received the ISO 9001/14001 certification and has customers in more than 25 countries across the world.
Jeffry N. Quinn, Chairman, President and CEO of Solutia, stated that the current acquisition combines the industry's major commercial expertise with future innovation capabilities to deliver advanced films to the top electronics and window film segments. Thus, the purchase places Solutia as a global leader in advanced sputtering technology. Both the companies will work together to provide next-generation films to their clients that achieve higher levels of optical clarity and solar performance.
The acquisition will retain Solutia's access to XIR technology of Southwall. The technology serves as the main base material for Solutia's V-Kool high quality aftermarket window films. The transaction also includes addition of high-tech manufacturing capacity and capabilities, which helps Solutia to meet the rapid growing demand for high-tech films in the electronics market by delivering new products. The new product offering comprises encapsulation of transparent film between Saflex polyvinyl butyral interlayers to produce a protective barrier against the dangerous effects of the sun.