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Altor Solutions to Acquire Lifoam Industries

By Owen Jenkins Updated Category News Read 3 min
Altor Solutions to Acquire Lifoam Industries

Altor Solutions to Acquire Lifoam Industries

Altor Solutions, a subsidiary of Compass Diversified (NYSE: CODI) and a prominent designer and manufacturer of custom protective and cold-chain packaging solutions for both industrial and life sciences sectors, has announced that it has entered into a definitive agreement to acquire Lifoam Industries, LLC. Lifoam is known for its manufacturing and distribution of temperature-controlled shipping solutions, and the acquisition comes with an enterprise value of $137 million in cash at closing, excluding working capital and certain other adjustments.

Founded in 1954, Lifoam specializes in creating temperature-controlled packaging products, including thermal shippers and refrigerant gel packs, for a variety of industries. This acquisition will not only enhance Altor’s presence in the cold-chain packaging market but will also diversify its customer base.

Lifoam operates seven manufacturing facilities across the United States and employs advanced engineering capabilities to design and validate its products in certified laboratories. This acquisition is anticipated to significantly boost Altor’s long-term strategy in cold-chain packaging solutions.

“This acquisition is crucial for accelerating Altor’s long-term strategy,” stated Altor’s CEO. “We will gain vital infrastructure, design, and certification capabilities while enhancing our product offerings.”

Elias Sabo, CEO of Compass Diversified, remarked, “This acquisition brings valuable expertise to Altor, broadening our geographic reach and allowing us to improve our customer service.”

The acquisition is expected to be finalized soon, pending customary closing conditions.

About Altor Solutions

Located in St. Louis, Missouri, Altor Solutions specializes in designing and manufacturing industrial protective packaging products and cold-chain solutions across various sectors. The company operates 16 facilities throughout North America, focusing on temperature-controlled containers.

About Lifoam

Lifoam Industries, LLC is a leading provider of thermally controlled packaging solutions, with a strong commitment to sustainability and innovation. Since its founding in 1954, Lifoam has specialized in producing EPS coolers and packaging specifically designed for the healthcare and retail markets.

About Compass Diversified

Compass Diversified has established a solid reputation for owning and managing a diverse portfolio of middle-market businesses across various sectors since its IPO in 2006. They utilize a permanent capital base and a long-term approach to maximize cash flow generation and value creation.

Frequently Asked Questions

What is the significance of Altor acquiring Lifoam Industries?

The acquisition strengthens Altor’s capabilities in cold-chain packaging and broadens its customer base.

When is the acquisition expected to close?

The acquisition is anticipated to close soon, subject to customary closing conditions.

What are Lifoam's main products?

Lifoam produces temperature-controlled packaging products, including thermal shippers and refrigerant gel packs.

How many facilities does Altor operate?

Altor operates 16 advanced facilities across North America.

Who can be contacted for investor inquiries?

For investor inquiries, you can reach out to irinquiry@compassdiversified.com.

About The Author

Owen Jenkins

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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