Press Releases
Armacell Acquires De Xu
Armacell, a global leader in flexible foam for the equipment insulation market and a leading provider of engineered foams, acquires De Xu (Guangdong De Xu Insulation Materials Co. Ltd). The company is a local manufacturer of flexible elastomeric foam under the Sinoflex brand and operates from its Yingde facility in the province of Guangdong in Southern China.
Armacell Acquires TB Concept Inc.
Armacell, a global leader in flexible foam for the equipment insulation market and a leading provider of engineered foams, acquires TB Concept Inc., a Montreal-based company specialised in the manufacturing of patented pipe support solutions. The transaction strengthens Armacell‘s global accessories business and the group’s footprint in Canada.
Armacell: Investing in Your Future
Armacell publishes 2017 Annual Report on corporate website Monday April 16.
Armacell and Frost King Form Strategic Partnership
Armacell and Thermwell Products Co., Inc. (Frost King) have announced the formation of a strategic partnership to manufacture and market polyethylene and elastomeric pipe insulation and other consumer products for the retail market. The combination of Armacell’s superior manufacturing footprint and expertise along with Thermwell’s premier sales and marketing capabilities forms the foundation for a smooth transition of products into the marketplace and for the development of innovative products for the retailer and consumer.
Armacell Financial Highlights 2017
The 2017 financial highlights are in. Revenues up by 8% to EUR 603 million, adjusted EBITDA increased to EUR 102 million, and integration of acquired businesses on track.