Image courtesy: Armacell

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 Yukon, Oklahoma-based manufacturing facility 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.

"Nomaco possesses almost four decades of PE know-how and has historically exhibited attractive growth and margin profiles, making this an attractive investment for us."

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