Southwall Technologies Acquires Crown Operations International
By Business Wire 09/01/10 - 09:01 AM EDT
Southwall Technologies Inc., (OTCBB:SWTX), today announced the acquisition of Crown Operations International, a Wisconsin-based processor of high-performance, heat-reflective interlayers that improve the energy-efficiency of laminated glass in buildings, homes and cars. Such interlayers combine one or two sheets of polyvinyl butyral (PVB) with Southwall’s XIR® infrared reflective film to create a transparent and heat-blocking “super interlayer” that saves energy, reduces carbon emissions and increases building and vehicle occupant comfort.
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Southwall Technologies| SWTX DOWN"Alignment with Southwall creates a great opportunity to bring new, energy-saving interlayer products to the market," said Curtis Liposcak, president of Crown Operations.
The acquisition highlights Southwall’s focus on vertical integration to offer value-added products and services to its customers. Crown’s laminating and converting capabilities simplify material logistics and facilitate the adoption of high performance interlayers for volume production.
“Crown's proven technology enables Southwall to provide a complete interlayer solution from encapsulation through converting,” said Dennis Capovilla, Southwall’s chief executive officer. “Our goal is to make it easy for manufacturers to integrate the performance of Southwall’s XIR heat-reflective film into their architectural and automotive laminated glass products.”
About Southwall Technologies
Southwall Technologies is the leading innovator of energy-saving films and glass products that dramatically improve the energy efficiency of buildings, homes and cars. Southwall is an ISO 9001/2000/14001 certified manufacturer with customers in over 25 countries around the world.
