Report: Insulation maker Armacell for sale

By Michael Lauzon
Correspondent

Published: October 19, 2012 6:00 am ET

Related to this story

Topics Construction, Mergers & Acquisitions

MÜNSTER, GERMANY (Oct. 19, 3:25 a.m. ET) — Acoustic and thermal insulation foam producer Armacell Enterprise GmbH is for sale, according to a Reuters report.

The Münster-based firm makes polyolefin, rubber and other foams to insulate pipes and ductwork and for sale in sport and leisure, OEM and other markets.

“We hope to enter exclusive negotiations with one bidder early next year and close the deal by the end of the first quarter,” Armacell CEO Patrick Mathieu was quoted in the Oct. 17 Reuters report. Armacell’s owner, private equity group Investcorp of Bahrain, has hired Barclays to help organize a sale of the foam producer.

The report stated the sale aims to capitalize on growing interest in energy-efficient products.

“In my eyes, it is worth more to a private equity investor than to a strategic one,” Mathieu was quoted.

Armacell’s sales are expected to reach 441 million euros this year, about 50 percent more than in 2006 when Investcorp bought the business. About 60 percent of Armacell’s business is outside Europe.

Armacell sold part of its business in 2011 to NMC SA of Eynatten, Belgium. NMC acquired the European polyethylene technical foams business but Armacell’s other PE insulation and its North American PE technical foam businesses were not affected.


Comments

Report: Insulation maker Armacell for sale

By Michael Lauzon
Correspondent

Published: October 19, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Amcor buys Chinese flexible packaging plant

December 18, 2014 1:47 pm ET

Australian-based global packaging company Amcor Ltd. is buying a Chinese flexible packaging business for 211 million RMB (US$31.4 million).    More

Image

Indian auto parts maker set to buy assets in Germany, Mexico

December 18, 2014 10:35 am ET

Indian auto parts maker Samvardhana Motherson Gropup is buying the assets of insolvent German plastics car parts producer Scherer & Trier (S&T).    More

Image

Sweden's Indutrade buys Belgian packaging firm Verbeek

December 18, 2014 9:42 am ET

Sweden's Indutrade AB has purchased all the shares in Belgium's Verbeeck Packaging Group.    More

Image

Röchling buys two UK firms

December 18, 2014 9:24 am ET

Germany's Röchling Engineering Plastics SE & Co. KG has expanded its presence in the high-performance plastics market by acquiring two British firms...    More

Image

UK recycler Eco Plastics sold to German investment group

December 12, 2014 11:19 am ET

Recycler Eco Plastics has been bought by Aurelius AG, a Grünwald, Germany-headquartered investment firm, for an undisclosed sum.    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events