Foam Fabricators Inc. has announced a new parent company name, Altor Solutions, which includes Foam Fabricators, Polyfoam and Rational Packaging, which are all owned by Compass Diversified Holdings.
Over the past three years, Foam Fabricators has transformed from a molded foam products company into a full-service packaging, insulation and componentry solutions provider, the firm said in a Feb. 3 news release
"Altor, which is Latin for guardian or protector, reflects the company's diverse product offerings across packaging, insulation and componentry," the release said.
"We are proud of Foam Fabricators' roots dating back to 1957, and we look forward to building on its legacy as part of a larger, diversified platform," James Hughes, CEO of Altor, said in the release.
The company's products include "a wide range of materials from traditional plastics to organic and plant-based options," Hughes added. "As we continue to scale and expand our geographic reach, we will further establish Altor as the leading packaging solutions provider for customers across North America."
Altor Solutions and Compass Diversified Holdings did not immediately respond to request for comment by Plastics News.
Elias Sabo, CEO of Compass Diversified, said demand for protective and thermal packaging has increased dramatically.