Irvine-based SDC Technologies Inc., a maker of coatings for glasses, windows and display screens, is being sold to Japan’s Mitsui Chemicals Inc. for $95 million.
SDC has yearly sales of $25 million to $30 million making coatings that protect from scratching, fogging and glare for glasses, electronic devices and windows on planes and tanks.
Connecticut-based Compass Diversified Holdings sold the company. The private equity firm bought a majority stake in SDC in 2004 as part of a management-led buyout.
President William Gregg and the rest of SDC’s executive team are expected to stay with the company after the acquisition.
SDC counts about 60 employees in Orange County and at its offices in Japan, China and Britain, where SDC’s coatings are made and then sold to companies that use them in their manufacturing.
Part of Silvue Technologies Group Inc., SDC started in 1986 as a venture of England’s Pilkington PLC and Michigan’s Dow Corning Enterprises Inc., now Dow Corning Corp.
In March, SDC moved its headquarters in Anaheim to a 25,000 square-foot industrial and office space at the Irvine Spectrum.
