Saint-Gobain Performance Plastics has completed the acquisition of Solar Gard Specialty Films, the manufacturer of automotive and architectural window films, custom coatings and photovoltaics.
Saint-Gobain expects the acquisition will enable it to make significant advancements in specialty films and strengthens its 'position as a market leader in sustainable habitat'.
All Solar Gard’s global production facilities and operations under development, sales and service centres worldwide and all employees currently working for the company are included in the transaction.
Saint-Gobain acquires a substantial footprint and worldwide distribution network in the flat glass retrofit business. Solar Gard’s network of professional, certified window film dealers around the world are expected to benefit from the expertise in sustainable habitat, glazing and associated building products.
“This transaction represents what we’ve been saying for years - that the future for specialized films is bright and that Solar Gard is best positioned to lead the market,” said Christophe Fremont, general manager Solar Gard.
“This partnership legitimizes the window film solution and opens the doors to the enormous glass market and sustainable habitat industry. This is an incredible opportunity for the industry overall, and we consider this historical strategic acquisition by Saint-Gobain as the most influential partnership that the industry has ever seen.”
