Sage to Become Saint-Gobain Subsidiary
A strategic partner with Sage Electrochromics Inc. since 2010, Saint-Gobain is acquiring all the outstanding shares of the company. The deal will help Sage expand into international markets, develop new products and complete construction of the company’s new, state-of-the-art manufacturing facility in Faribault, Minn., executives report.
“Through this action, Saint-Gobain underscores its goal to be the reference in sustainable habitat by developing innovative solutions capable of revolutionizing the habitat market,” says Pierre-André de Chalendar, chairman and CEO of the Paris, France-based company. “The result of many years of research, Sage’s products and technologies complement our portfolio of materials. They open up new possibilities in architecture and design by offering creative, value-added glass solutions for the commercial and residential market in order to create buildings that are comfortable, beautiful, energy efficient and environmentally friendly.”
Sage's product, electrochromic glass, changes from a clear state to a tinted state. It can be integrated with a building management system or activated at the push of a button to control the sunlight and heat that enters and leaves a building. It significantly reduces energy consumed for air conditioning, heating and lighting, while enhancing occupant comfort and well being by providing daylight and eliminating glare, officials state.
While Sage will be a wholly-owned subsidiary of Saint-Gobain, it will continue to go to market under the SageGlass brand. Sage's new facility, scheduled to start production in January 2013, will be the most advanced electrochromic glass facility in the world and is expected to produce 3.2 million square feet of electrochromic glass annually, supporting the creation of 160 green technology jobs, officials report.
“We are delighted Sage is joining Saint-Gobain’s portfolio of innovative glass and building materials,” says John Van Dine, Sage CEO and founder. “They have been an outstanding partner the past two years, contributing technical and manufacturing expertise, financial support and strategic guidance to the Sage team, as well as offering access to the company’s research centers. The combined patent portfolio of Saint-Gobain and Sage is quite substantial. We also want to thank the full range of our investors, who have made significant monetary and advisory contributions to Sage over the years, all of whom helped bring the Sage vision to fruition since its founding in 1989.”
With locations in 64 countries and nearly 195,000 employees, Saint-Gobain produces and distributes glass and a variety of building materials. With North American headquarters in Valley Forge, Pa., the company's operations include CertainTeed Corp., as well as Saint-Gobain Abrasives, Saint-Gobain Adfors, Vetrotech Saint-Gobain North America, Saint-Gobain Glass, Saint-Gobain Solar and Saint-Gobain Performance Plastics.