Armacell Acquires Insulation Business of Nomaco
Armacell, a global leader in flexible foam for the equipment insulation market and a leading provider of engineered foams, has acquired the Insulation Business of Nomaco, a leading manufacturer of extruded PE insulation foam products.
The acquisition of the manufacturing facility based in Yukon, OK/USA, significantly strengthens Armacell’s domestic production capacity and regional distribution network. The addition of Nomaco’s insulation business complements Armacell’s current PE insulation foam product portfolio and increases the customer service levels across North America. As part of the transaction key management functions will join Armacell to ensure business continuity.
“The expansion of our manufacturing footprint into Oklahoma increases our distribution power and service levels in the Midwest and the West. Our customers will benefit both from a broader product portfolio, as well as, from stronger technical support”, illustrates Patrick Mathieu, President and CEO of Armacell International S.A. Established in 1979, Nomaco is a leader in the design and extrusion of custom engineered foam products and components for a wide range of markets including construction, home furnishings, packaging, fitness & recreation and more. In 2016, the activities transferred as part of the transaction generated approx. USD 28m of net sales with approx. 100 employees. The parties have agreed to keep the purchase price of the transaction confidential.
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