Southwall Technologies (SWTX)

[MWM]

Sun Prairie's Crown acquired for $3.3M
The Business Journal of Milwaukee

Crown Operations International Ltd., a Sun Prairie company that produces heat-reflective films for laminated glass, has been purchased by Southwall Technologies Inc. of Palo Alto, Calif., for $3.3 million.

With the deal, Southwall acquires Crown's interlayer converting and laminating facility, including a 23,000-square-foot plant on 4 acres and converting equipment, according to a filing with the U.S. Securities and Exchange Commission.

Southwall (OTCBB: SWTX) is a manufacturer of films and glass products that improve the energy efficiency of buildings, homes and cars. Crown Operations' polyvinyl butyral sheets are combined with Southwall's XIR infrared reflective film to create a transparent and heat-blocking interlayer that saves energy.

Dennis Capovilla, Southwall's CEO, said the acquisition of Crown enables Southwall to provide a complete interlayer product, from encapsulation through converting.

"Alignment with Southwall creates a great opportunity to bring new, energy-saving interlayer products to the market," said Curtis Liposcak, president of Crown Operations.