DGAP-News: Armacell Group: Armacell acquires 100% of the

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
DGAP-News: Armacell Group: Armacell acquires 100% of the shares of PoliPex Ltda. (PoliPex) - a leading Brazilian manufacturer of extruded polyethylene (PE) insulation foams

DGAP-News: Armacell Group / Key word(s): Expansion/Mergers & Acquisitions Armacell Group: Armacell acquires 100% of the shares of PoliPex Ltda. (PoliPex) - a leading Brazilian manufacturer of extruded polyethylene (PE) insulation foams 12.10.2016 / 07:00 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Armacell acquires 100% of the shares of PoliPex Ltda. (PoliPex) - a leading Brazilian manufacturer of extruded polyethylene (PE) insulation foams * Extension of product portfolio into PE insulation foams * Increase of regional sales coverage and customer service levels * Addition of substantial technology know-how in PE insulation foams * Significant increase of domestic manufacturing footprint Luxembourg, October 12, 2016 - Armacell, a global leader in flexible foam for the equipment insulation market and a leading provider of engineered foams, has acquired 100% of PoliPex, a leading Brazilian manufacturer of extruded PE insulation foams, in a share deal for an undisclosed amount. This transaction significantly strengthens Armacell's product portfolio in Latin America and increases the domestic customer service levels, as well as, the support for regional OEMs. With the addition of the PoliPex plant in Florianopolis in Southern Brazil, Armacell is well positioned to further develop its manufacturing footprint in Latin America. "PoliPex has decades of technology know-how in extruded PE production as well as a strong domestic team. We are looking forward to serving our clients across Latin America with a broader product portfolio and extended customer service levels", explains Patrick Mathieu, President and CEO of Armacell International S.A. "Historically, PoliPex exhibited solid growth rates and healthy operating margins. The predicted rebound of the Brazilian economy and the overall construction market make PoliPex an attractive investment for us." PoliPex is a market leader for extruded PE insulation foams in Brazil and has approximately 80 employees. The company was founded by John Johannes van Mullem in 1991 and maintains headquarters in Santa Catarina in the South of Brazil, as well as, distribution centers in the South and the Northeast of the country. In the calendar year 2015 PoliPex generated revenues of approx. R$ 43 million. About Armacell Armacell is a world leader in flexible insulation foams for the equipment insulation market and a leading provider of engineered foams. In 2015, the company with currently approx. 2,800 employees and 23 production plants in 16 countries generated net sales of EUR 540.2 million. Armacell operates within two main businesses: Advanced Insulation develops flexible foams for the insulation of technical equipment utilized for the transport of energy - such as heating, ventilation & air conditioning (HVAC) and heating & plumbing (H&P) in residential and commercial construction, process lines in the heavy- and oil & gas industry, equipment in transportation, as well as, acoustics. Engineered Foams develops high-performance foams for the use in a broad range of end markets including transportation, automotive, wind energy, sports and construction. Armacell's products significantly contribute to global energy efficiency. For more information, please visit: http://corporate.armacell.com/. Contact: Susan Krambo Director Corporate Communications Tel.: +49 251 760 3535 E-Mail: susan.krambo@armacell.com --------------------------------------------------------------------------- 12.10.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- 510267 12.10.2016

Scroll down for more posts ▼

Top 10 Most Recent News Articles

NOWINCLUDED Unfiltered: Podcasting's New Trailblazer

Updated Category News Views 23

Signals of Change in Podcasting In a world of constant noise, finding a voice that cuts through the chatter is a rarity. Enter NOWINCLUDED Unfiltered, the podcast hosted by Tiffany Whitlow that's making waves for its unique approach to tackling some of healthcare's most pressing issues. This isn't your run-of-the-mill podcast. It's a no-holds-barred dive into health...

Continue Reading
Epic Oceanside Estate Set for No-Reserve Luxury Auction

Updated Category News Views 66

Going, Going, Gone? A Golf Exec's Dream Home What's hotter than Florida's summer sun? It's this swanky estate at Ponte Vedra Beach set to hit the auction block without any safety net. Yup, no reserve, folks! Leonard "Len" Brown, Jr., the brains behind many of PGA Tour's global ventures, has decided to put his lavish 3.2-acre plot right by the ocean up for grabs. Once...

Continue Reading
Utopia Bagels Honored at 2026 New York BagelFest

Updated Category News Views 125

From Queens Streets to Global Fame Try to picture this: a small neighborhood shop where the scent of freshly baked bagels wafts through, bringing together old friends and new generations. Now, take that local magic and multiply it by a global stage. That's the journey Utopia Bagels from Queens stepped into with massive strides over 45 years, earning a celebrated spot in...

Continue Reading
Gentex Faces Investigation as Shares Tumble 7%

Updated Category News Views 76

Investigating Gentex's Financial Setback Gentex Corporation, ticker NASDAQ:GNTX, is caught in a bit of a blizzard right now. Their shares took a nosedive, down 7%, after some messy numbers came out in their third-quarter report—tariffs and the kind of pricing pressure that makes grown investors wince. If you threw your chips in on Gentex and got burned, the lawyers are...

Continue Reading
New PGCE Aims to Boost Confidence in Private Tutoring

Updated Category News Views 40

Shifting the Landscape of Private Tutoring Here's a turn of events: parents now have a new tool at their disposal to vet private tutors. The recently unveiled PGCE Tutoring by UWE Bristol aims to provide an added layer of confidence for families navigating the private tutoring market. Breaking the Myth of Tutor Qualifications Did you know a whopping 54% of UK adults think...

Continue Reading
OperaWine 2027 Spotlights Women-Led Italian Wineries

Updated Category News Views 46

The Rise of Women's Leadership in Italian Winemaking If there’s anything that gets me up off the bench, it’s innovation in tradition. And that's just what Vinitaly OperaWine is doing in 2027. For the first time, they've carved out a special category, "Led by Women," featuring a lineup of 46 Italian wineries ran by women. These ladies are stepping into the limelight at...

Continue Reading
Breaking Down Oklahoma's Car Insurance Costs

Updated Category News Views 26

Understanding Car Insurance Dynamics in Oklahoma In the labyrinth of car insurance premiums, drivers in Oklahoma are left navigating a multitude of factors. A recent article from HelloNation, featuring insurance agent Bobby Williamson, dives into these elements with a candor that cuts through the fluff. Understanding what drives those numbers up or down isn't just for the...

Continue Reading
Govee's Retro Holiday Lights: A Festive Nostalgia Trip

Updated Category News Views 69

Ah, the holidays—they're creeping up like a kid sneaking downstairs for a peek at their gifts. But it's not the gifts under the tree that brighten a room, it's those lights draping the tree itself. Enter Govee, bringing us back to that vintage glow we all remember from our childhoods. They've teamed up with Brady Tolbert, a design whiz who can make a living room look...

Continue Reading
Sands China's Latest Move: A Bond Offering Twist

Updated Category News Views 0

Breaking Down Sands China's Bond Maneuver Today, we found out that Sands China is teeing up a fresh round of senior unsecured notes. Now, if that doesn't get your ticker flickin', maybe you're too used to market snoozefests. The folks at the helm of Sands China, a subsidiary under the mighty Las Vegas Sands Corp. (NYSE: LVS), are rolling out these USD-denominated notes...

Continue Reading
PG&E Halts Service; Groups Demand Regulatory Action

Updated Category News Views 125

Pending Storm Over PG&E's Service Delays It's rare that you hear a utility company flat-out say it can't afford to keep the lights on. Yet here we are, staring down the barrel of some unsettling news for 25,000 PG&E customers. They've been warned they might cool their heels for an extra six months before their service is up and running. As if that's not dicey enough, $2...

Continue Reading

Top 5 Most Recently Viewed Articles

RF Industries Shows Strong Performance in Latest Earnings Call

Updated Category News Views 102

RF Industries Reports Strong Growth in Q3 FY 2024 RF Industries (NASDAQ: RFIL), a leader in designing and manufacturing interconnect products along with complex cable assemblies, has revealed impressive outcomes during its recent earnings call. The company experienced a significant year-on-year growth of 7.6% in net sales, totaling $16.8 million. Furthermore, RF...

Continue Reading
Understanding the Upcoming Class Action for Metagenomi, Inc.

Updated Category News Views 126

Upcoming Class Action Lawsuit Against Metagenomi, Inc. Investors are being advised about the significant upcoming deadline in the class action lawsuit involving Metagenomi, Inc. This lawsuit is particularly relevant for those who acquired securities of Metagenomi, Inc. (MGX) during its initial public offering (IPO) held in February 2024. The deadline to file a lead...

Continue Reading
Arthur Hayes Discusses the New Era of Stablecoin Strategy

Updated Category News Views 157

Arthur Hayes on the Future of Stablecoins Arthur Hayes has recently shared compelling insights about the evolving landscape of stablecoins and their implications for the financial markets. He emphasizes that the U.S. government's regulatory decisions regarding stablecoins will significantly influence how these digital assets are utilized as a financial tool. The Role of...

Continue Reading
Baird Initiates Concentrix Coverage with Promising Growth Outlook

Updated Category News Views 47

Baird Initiates Coverage of Concentrix with Outperform Rating Baird has recently begun coverage on Concentrix Corporation (NASDAQ:CNXC), a prominent player in the customer care and IT consulting services arena. The firm has assigned an Outperform rating to the stock, setting a price target of $70.00. This decision reflects Baird's confidence in Concentrix's robust...

Continue Reading
Understanding Micro and Macro Perspectives on Affordability

Updated Category News Views 73

Micro Versus Macro Thinking: A Deep Dive From the moment we enter this world, our existence is shaped by micro-level realities. Every action we take in our daily lives, aimed at survival or personal fulfillment, is influenced by a basic understanding of these immediate truths. Micro thinking asks the fundamental question: "How do I succeed in this immediate environment?"...

Continue Reading