Oct 4 2010
Madico, Inc., one of the world’s leading manufacturers of advanced laminates, today announces the acquisition of Solamatrix, Inc., a leading manufacturer and global distributor of automotive, architectural, and safety/security window films.
With this acquisition, Solamatrix brings to Madico capacity, innovative laminating and coating technology, a seasoned and professional workforce, and an attractive market presence. Together, the new organization is clearly situated to reestablish a leading position in the global window film market.
“This is an exciting time for Madico, one of the oldest names in the window film industry. Consecutive years of growth have driven us to seek expansion capacity to meet customer demands. Our ability to gain that capacity and link our future activities with Solamatrix, one of the youngest and most dynamic organizations in the industry, is a strategic win for both organizations. Through this acquisition, Madico demonstrates its long-term commitment to the window films market and positions us for continued growth while maintaining the quality and service our customers expect,” says Bob Connelly, Madico President and CEO.
Solamatrix, Inc. is now a wholly-owned subsidiary of Madico, Inc. Both companies will continue to operate and serve their markets independently. A careful integration will take place, taking into account how the two companies can best work together for the benefit of the new organization, suppliers, and customers.