The National Insulation Association (NIA) announced the 2023 Safety Award winners in conjunction with its 68th Annual Convention, which took place in Naples, Florida, April 17–19, 2024. NIA’s Safety Excellence Award is the only national award for outstanding safety performance in the mechanical insulation industry. The award program recognizes top companies that have established structured safety programs to ensure the well-being of their employees and create safe working environments.

• 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

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.

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.

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