Report: Insulation maker Armacell for sale

By Michael Lauzon
Correspondent

Published: October 19, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Construction

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

Buyer plans to sell former Hoover molding, assembly plants

July 31, 2014 2:06 pm ET

A former Hoover manufacturing plant with 150 injection machines in El Paso, Texas, and a nearby maquiladora plant in Juarez, Mexico, changed owners...    More

Private equity firm buys majority share of truck accessory maker

July 31, 2014 10:30 am ET

A majority share of Ann Arbor, Mich.-based truck accessory manufacturer Tectum Holdings Inc. has been acquired by Boston-based private equity firm TA ...    More

Image

Residential construction set for steady growth

July 31, 2014 10:27 am ET

After a sluggish start to the year, activity levels in the residential construction sector gained momentum in the second quarter of this year. The...    More

Image

Castle Harlan buys landscape erosion control firm Tensar

July 30, 2014 3:46 pm ET

Private equity group Castle Harlan inc. has acquired Atlanta-based Tensar Corp., with plans for the geosynthetic products maker and its subsidiaries...    More

Image

Pressure is on to replace aging gas pipes

July 30, 2014 2:47 pm ET

Polyethylene is the plastic replacement material of choice for modernizing the natural gas distribution system — so much so some are concerned a...    More

Market Reports

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

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

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

More Events