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

Xten may shut down, working on sale to Commercial Plastics

October 29, 2014 5:49 pm ET

Xten Industries LLC is working on a sale to Commercial Plastics Co. of Mundelein, Ill. Xten, an injection molder based in Kenosha, Wis., filed a...    More

Image

Buildings could reach new heights with help from plastic-coated rope

October 28, 2014 1:55 pm ET

Skyscrapers will be able to soar to greater heights with help from plastic in the latest lift technology developed by Kone Corp., an elevator and...    More

Image

TMI has new private equity owner

October 27, 2014 2:03 pm ET

Pittsburgh-based TMI International LLC, a maker of PVC-based film, panel and sheet products as well as PVC-coated curtains and screens, has been...    More

Image

Deal puts Convergence Packaging under Comar's umbrella

October 24, 2014 2:00 pm ET

Convergence Packaging Holdings LLC, itself a product of mergers, now is joining together with Comar LLC.    More

Image

Akro-Plastic buying German subsidiary from Metabolix

October 24, 2014 3:32 pm ET

Akro-Plastic GmbH, a Niederzissen, Germany-based plastic compounder, has purchased the assets of Metabolix Inc.'s subsidiary in Germany.    More

Market Reports

Pipe, Profile & Tubing Extrusion Market Trends

This report provides in-depth analysis of current trends, statistics and innovations in product design and production impacting the PP&T industry in North America.

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 million dollar 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