Bekaert confirmed that Saint-Gobain’s purchase of its Solar Gard specialty-film business closed on September 30, 2011. The closing update followed an agreement announced in August, separating the completed transaction from the earlier proposed purchase.
Saint-Gobain’s August 10 release described an acquisition of the businesses comprising Bekaert Specialty Films. Solar Gard developed, manufactured and distributed coated films for residential and commercial glazing, automotive uses and other industrial applications.
At the agreement stage, the buyer identified factories in San Diego and Zulte, Belgium, alongside operations being developed in China. Products reached customers through company-owned distribution and installation centers as well as independent dealers.
Saint-Gobain reported Solar Gard’s 2010 sales as US$150 million, equivalent to €104 million in that release. That figure describes annual revenue, not the purchase price. The reviewed closing notice does not report a transaction value or subsequent integration results.
Sources & reporting notes
- Update: Bekaert divests Specialty Films activities Bekaert · Source dated September 30, 2011Web source turn1596view2, entire substantive notice lines 60–71 read. The linked label refers to 2010 but the independently opened original announcement page gives August 10, 2011; the erroneous link label is not used as a date.
- Saint-Gobain Performance Plastics extends its habitat offer via the acquisition of Solar Gard Saint-Gobain · Source dated August 10, 2011Web sources turn1603view2 and turn1606view1; complete two-page PDF text read, including first-page transaction substance lines 2–23 and second-page contacts. The August release describes a pending transaction; closing is established by the separate September notice.
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