Blackstone and KIRKBI to Acquire Armacell
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Blackstone (BX), KIRKBI Enter Agreement to Acquire Charterhouse's Armacell
November 30, 2015 10:18 AM ESTPrivate equity funds managed by Blackstone (Blackstone) and KIRKBI A/S announce the acquisition of Armacell, the leading global manufacturer of flexible foam products for equipment insulation and technical applications, from Charterhouse.
The company operates within two main businesses, Advanced Insulation and Engineered Foams. The Advanced Insulation business develops flexible foam products for the insulation of mechanical equipment in a range of end markets where energy distribution is required, such as commercial and residential construction, industrial applications, and the oil and gas industry. The speciality insulation products are primarily used for air conditioning and plumbing pipes. The second division... More
