Saint Petersburg, FL (PRWEB) October 1, 2010
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, Inc.
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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