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Armacell Financial Highlights 2023

• Net sales rose by 3.7% to EUR 836.1 million by the end of 2023

• Adjusted EBITDA at EUR 154.6 million resulted in an adjusted EBITDA margin of 18.5%

• CEO transition well under way

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Armacell Announces Transition of CEO

Armacell, a global leader in flexible foam for the equipment insulation market and a leading provider of engineered foams, announced today that, after close to twelve years as President and CEO, Patrick Mathieu has decided to step down at the end of March 2024. Going forward, he will be appointed as a Non-Executive Director by the Supervisory Board.

With effect from April 2024, Laurent Musy will join Armacell as President and CEO. Laurent Musy brings a broad range of know-how and experience in the global building materials industry.

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Armacell Launches New Sulfur-Free Monarch Product

From automotive and consumer electronics to outdoor lighting or industrial applications, Monarch 9021 offers an innovative solution to the problem of corrosion due to sulfur outgassing, creep corrosion, and silver surface tarnishing.

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New Armacell Knife Kit Available to Insulation Installers

 

Insulation installers in North America now have access to a brand-new knife kit made for professionals. Our new 8-piece professional-grade tool set enables precision cutting of foam insulation for better installations. The kit is available through Armacell’s network of insulation distributors in North America and includes all the tools Armacell recommends to professional insulation installers

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Armacell 2022 Sustainability Report

The interactive, digital-only, sustainability report discloses Armacell’s development and progress of key environmental, social and governance (ESG) goals and considerations that are embedded in our business, operations, and everyday work.

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