Deal of the Day: Greentech Assets

Date: 4 October 2011
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.

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600450 Deal of the Day: Greentech Assets

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