The acquisition is valued at about $113m and was funded by Solutia with existing cash on hand and is expected to be accretive in the first year.
Solutia chairman, president and CEO Jeffry Quinn said the acquisition combines Solutia’s commercial and market expertise with Southwall’s proprietary capabilities, positioning Solutia to provide the next generation of advanced film solutions to the premium window film and electronics markets.
Solutia is a performance materials and specialty chemicals company, focused on providing solutions for a better life through a range of products.
