President Signs Small Business Jobs and
Credit Act into Law
President Obama signed the Small Business Jobs and Credit Act into law
in late September. The bill is designed to help small business owners
access private capital to finance expansions and hire new workers, and
would reward small business investors—in a long-term attempt to help small
businesses compete with large corporations.
Industry groups, such as the International Window Film Association, feel
that the law could be beneficial for small companies, but have concerns.
“While this should provide funds to the long list of companies waiting
for loans (two to three year backlog due to lack of funds) thru the Small
Business Administration, it remains to be seen just how much credit, and
under what terms, will be made available to very small companies with
ten or fewer employees. Just as the TARP package and AARP stimulus did
not result in increased lending to small businesses and individuals except
for default mortgage reworks, this may or may not have any impact on funding
availability to small businesses like window film dealers and distributors.
It may take as long as four to six months before there is any clarity
to these questions.”
The Small Business Lending Fund Act will establish a $30 billion fund
to boost lending to small businesses looking to expand their operations
by providing additional capital to community banks, according to information
from Rep. Barney Frank (D – Mass.).
Fla. Attorney General Issues Window Film Warning
The Florida Attorney General, Bill McCollum, has issued a warning to Florida
residents—about window film protection. In a release from his office,
McCollum stated that consumers need to be aware that window film has not
been approved by the Florida Building Code for hurricane protection of
a residential structure.
The Attorney General’s office claims Florida window film companies were
reportedly saying that homeowners could receive an insurance discount
by installing window film. Since window film has not met the regulations
for approval, insurance companies may not offer such discounts.
New Questions Are Raised by Social Media and Websites
The window film industry has experienced new cases of mis-information
on the World Wide Web in the recent months.
In July, Window Film magazine published a story about dubious “information”
published on the Internet that was purportedly written by a “home professional.”
The page says, “Thinking about window film as a way to buff up your windows’
efficiency? If your windows are already low emissivity (low-E), then don’t
waste your time, window film won’t make much of a difference … And remember
this: films are hard to remove, and because they can heat up the glass
they may damage your dual-pane windows.”
However, the website doesn’t note that this is an “Ask the Pro” section.
To the consumer’s eye it just looks like factual information.
The information is sourced as “courtesy of the U.S. Green Building Council.”
After contacting the U.S. Green Building Council (USGBC) we received a
statement about the origin of the article.
“The information came from USGBC’s GreenHomeGuide.com’s
‘Ask a Pro’ section. The Ask a Pro section is really just a blog
where home professionals post answers to questions that come in.
The responses are not the opinion of USGBC and do not reflect any position
of USGBC. As far as USGBC’s position on window film, we don’t have
an official one but I can tell you that window film is a valid strategy
to achieve various LEED credits and points,” says the statement.
In addition to this, a question on the Internet on Angie’s List was brought
to Window Film magazine’s attention. The question, asked by independent
consultant Roger Linville (who is listed on Linked In as being employed
by glass manufacturer PPG until 2009 and is now an independent consultant)
asked, “Our front windows face southwest. We have no shade trees in the
front yard, so we are expecting the front rooms to get hot this summer.
We also have condensation between the panes. We plan to replace the glass,
but I am getting conflicting advice. Should I get low-E glass and rely
on it to block the infrared heat waves, or get clear glass and have an
infrared-reflective film applied? Which will give me the best results?”
The answer to Linville’s questions came from Todd Overpeck at Glass Doctor
who recommended low-E glass and not film. Within the response to the question
it states, “Overpeck says adding tinted film to a clear glass window is
a lower-cost alternative, because it blocks the sun, but does not stop
the heat. Since the film doesn’t stop the heat from escaping, you don’t
get the energy savings and your home is colder in winter,” he says. “Another
advantage to low-E glass is that it’s clearer than the reflective film.”
It was surprising that after working for PPG for over 28 years as the
marketing communications manager Linville didn’t know the answer.
Riverside Sells Commonwealth; CLC/SunTek
Partners with Two New Owners
The Riverside Co. in Cleveland, which purchased SunTek Holding Co. (Commonwealth
Laminating and Coating Inc. [CLC]) in 2006, has sold its interest in the
company. Jennifer Phillips Shorr, CLC vice president of sales and marketing,
told Window Film magazine that the company has now partnered with two
new investors, Transportation Resource Partners, which is associated with
the Penske Automotive Group, and Fenway Partners.
“These two firms will replace Riverside and put CLC in a financial position
to double in size over the next three to five years,” says Shorr. “CLC/SunTek’s
current management team, including Steve Phillips, our president/chief
executive officer, will all remain in place. This is a very exciting time
for all employees and we will continue to focus on providing the trade
with innovative and competitive products, as well as exceptional customer
“Riverside played a crucial role in a remarkable expansion at CLC that
allowed us to take market share and prepare for the future in the midst
of one of the worst economic downturns in modern history,” says Steve
Phillips. “Riverside’s capital, support and appetite for growth allowed
us to expand our production capacity while increasing our number of distribution
centers and broadening our manufacturing capabilities. Riverside has been
an exceptional partner.”
Shorr adds, “The Riverside Company has been the principle investor in
CLC/SunTek for the past four and half years. They have done a terrific
job supporting our strong growth and expansion in both North America and
other parts of the world.”
Stephen Dyke, Riverside partner, adds, “CLC was a great company when we
invested in it in 2006, and we’re leaving it in an even better position
today. Our efforts to increase revenues by investing in growth at CLC
have paid off. Today, CLC offers more products to more markets while still
retaining its hard-earned reputation for exceptional quality and value.
The company is very well positioned to continue its strong growth trajectory
for years to come.”
The announcement notes that under Riverside’s stewardship, CLC made capital
investments that significantly boosted the company’s production capacity
and invested in a new dyed film line that improved product quality and
strengthened its competitive position. The company expanded its international
presence during Riverside’s ownership period and expanded its product
line, including flat glass applications in residential and commercial
Solutia Names New President and General Manager of Performance
Solutia Inc. has named Mike Donnelly as president and general manager
of its Performance Films division. Donnelly most recently served as the
president and general manager of Solutia’s Technical Specialties division
and replaces Ray Kollar who had only been in this role with Solutia since
May 2009. While company officials confirmed that Kollar is no longer with
the company, they declined to provide further details surrounding the
Donnelly joined Solutia as part of the Flexsys leadership team in connection
with Solutia’s 2007 acquisition of Flexsys, where he had been an integral
part of the business’ growth and performance since its inception. He brings
nearly 40 years of manufacturing, business and leadership expertise to
Performance Films and will continue to be based at Solutia’s global headquarters
in St. Louis.
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