Altor Solutions, a subsidiary of Compass Diversified, announced its plan to acquire Lifoam Industries for an enterprise value of $137 million. Lifoam, a manufacturer of temperature-controlled shipping solutions, will enhance Altor’s capabilities in cold-chain packaging and expand their geographic footprint. The acquisition, pending customary closing conditions, is anticipated to close in September. This strategic move aligns with Altor’s long-term plans and Compass Diversified’s ESG goals.
Packaging, Life Sciences, Private Equity,United States
https://www.globenewswire.com/news-release/2024/08/19/2932066/0/en/Compass-Diversified-Backed-Altor-Solutions-to-Acquire-Lifoam-Industries.html