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Compass Diversified's Altor Solutions Has Entered Into A Definitive Agreement To Acquire Lifoam Industries For An Enterprise Value Of $137M In Cash At Closing

Author: Benzinga Newsdesk | August 19, 2024 08:05am

Altor Solutions ("Altor"), a subsidiary of Compass Diversified (NYSE:CODI) and a leading designer and manufacturer of custom protective and cold-chain packaging solutions for the industrial and life sciences markets, today announced it has entered into a definitive agreement to acquire Lifoam Industries, LLC ("Lifoam"), a manufacturer and distributor of temperature-controlled shipping solutions, for an enterprise value of $137 million in cash at closing (excluding working capital and certain other adjustments).

 

Founded in 1954, Lifoam is a leading manufacturer of temperature-controlled packaging products such as thermal shippers and refrigerant gel packs for the healthcare, commercial and retail industries. Lifoam is a carve-out of the material sciences company Jadex Inc.

Posted In: CODI

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