News : Valued Solutia Customer
Dear Valued Solutia Customer,
I am writing to inform you that Solutia Inc. announced it has reached a definitive agreement to purchase Southwall Technologies Inc., a leading innovator of energy-saving sputtered films for automotive and architectural markets. This transaction is subject to customary approvals and regulatory processes, with an expected completion in the first quarter of 2012.
Southwall has been a leader in vacuum sputtering technology for more than 25 years with a focus on the window and window film markets. Founded in response to oil embargo of the 70s, Southwall’s products are designed with energy conservation and efficiency in mind. Notably, the world’s first low-emissivity insulating glass product, Heat Mirror® by Southwall was voted by Popular Science as one of the Top 100 Inventions of the 20th Century. The company is also reputed to produce the world’s first multi-layer spectrally selective applied film. Southwall’s R&D facilities are located in Palo Alto, and its
manufacturing plants, capable of producing 48M sq ft annually, are based out of Dresden, Germany.
Solutia believes that the intellectual and manufacturing talent of Southwall will add great value to our Performance Films division.
If you have questions about this announcement, please contact your local sales representative. As always, we appreciate working with you and look forward to continuing to support your
business in the future.
Sincerely,
Craig Ivey
President, Performance Films
