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Southwall Technologies acquires controlling interest in Southwall Insulating Glass joint venture

Post Time:Jun 10,2010Classify:Industry NewsView:120

Southwall Technologies Inc., [PaloAlto, Calif.,] the leading innovator of energy-saving films and glass products that dramatically improve the energy efficiency of buildings, homes and vehicles, strengthened its position in the fast-growing green building market with the acquisition of a 70 percentmajority interest in Chicago-based Southwall Insulating Glass. Ron Spielman, president of Sound Solutions Windows & Doors, will remain a partner and continue to contribute his extensive glass and window industry expertise to the venture.

The acquisition enables Southwall to accelerate the automated production of Heat Mirror insulating glass, improving cost-competitiveness and broadening adoption of the innovative energy-saving glass technology selected by Popular Science magazine as one of the top 100 inventions of the millennium. The move exemplifies the company's continued focus on investing in strategic innovation that can help it meet the growing demand for improved window energy efficiency, such as required by the Department of Energy's recently introduced Highly Efficient (R-5) Windows Volume Purchase Program, according to a June 10 MarketWatch report.

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