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Business

Solutia Acquires Window Films Company

by Marc S. Reisch
May 10, 2010 | A version of this story appeared in Volume 88, Issue 19

Beefing up its line of specialty films, Solutia has acquired Singapore-based Novomatrix for $73 million from Globamatrix Holdings and private equity firm MAFLP Investments. With annual sales of about $34 million, Novomatrix makes window films for automotive and architectural applications. Solutia says the acquisition expands its window films presence in the emerging regions of Southeast Asia and the Middle East.R

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