Solutia Acquires Window Films Company

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