SAN FRANCISCO -- Construction material maker Saint-Gobain exemplifies the kind of buyers who are scooping up greentech companies today.
It's a long-time company (founded in 1665!) that is making big bets in renewable energy, and announced on Friday the purchase of a business unit of a Belgian company that makes Solar Gard window films.
With the acquisition of Bekaert’s specialty film division, Saint-Gobain padded its growing portfolio of solar and energy efficiency offerings. The company, which generated €40.1 billion (US$53.9 billion) in 2010 sales, is likely looking for other acquisition targets now. It’s a good time to buy, considering that the economy remains weak and many companies are struggling.
Read more: www.renewableenergyworld.com/rea/news/article/2011/09/deal-of-the-day-greentech-assets