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Solamatrix Announces New Ownership
October 1, 2010, St. Petersburg, FL
— Solamatrix, Inc., a leading manufacturer and global
distributor of automotive, architectural, and safety/security
window films, announces that it has been acquired by
Madico, Inc., a wholly-owned subsidiary of Lintec Corporation.
Madico, Inc. is a respected film manufacturing and distribution
company, with an impressive 107 year history. 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 establish
a leading position in the global window film market.
“We are pleased and proud to become a part of Madico’s
worldwide operations,” says David Fletcher, Solamatrix
President and CEO. “The synergistic opportunities are
enormous because we can leverage corporate strengths
from both companies in technology, manufacturing capability
and marketing expertise to expand the success and rapid
growth of our window film business. Our range of product
offerings will increase; our product quality and customer
service will reach new heights, and as we expand our
operations, our employees and customers will share in
what promises to be a very exciting future.”
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.
About Solamatrix
Headquartered in St. Petersburg, Florida, Solamatrix®
was formerly a joint venture between Globamatrix Holdings
Pte Ltd. and the Mulberry Asia Fund LP, a fund managed
by Southern Capital Group. The company manufactures
and globally markets a comprehensive family of solar
control, safety, and security window films for motor
vehicles, homes, and commercial property. Its product
lines include the popular, globally-recognized SUN-GARD®
solar control window films as well as GLASS-GARD® safety
and security films.
About Madico, Inc.
Headquartered in Woburn, Massachusetts, Madico® develops,
manufactures, and markets technologically advanced laminates.
They have been successfully doing so for more than a
century. With an unrivaled commitment to quality of
design, Madico continues to pioneer industry-first products
and processes. Within its product line is the popular,
technically-leading SafetyShield® security window film.
The company is proud to be recognized by the Boston
Globe as a “Top 100 Place to Work” in 2009.
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