Armacell acquires Italian and Chinese PU insulation foam makers

Luxembourg-based flexible foams and insulation supplier Armacell has acquired Guarto SRL, an Italian manufacturer of acoustic insulation solutions, and Guangdong De Xu Insulation Materials Co. Ltd, the producer of Sinoflex flexible elastomeric insulation foams in China. Terms for both purchases were not disclosed.

Founded in 1966, Guarto is engaged in the design, manufacture and trade of non-flammable thermoplastic products (high quality heavy layers) used mainly for soundproofing purposes. The company's products are principally used in the marine and rail markets, and to a lesser extent in the automotive and construction industry.

The transaction includes two production lines in Guarto’s manufacturing facility near Turin and consolidates Armacell’s presence in Italy, where the group is already present through Armacell Italia SRL.

Meanwhile, De Xu, which operates from its Yingde facility in the province of Guangdong in Southern China, has been selling and manufacturing insulation foams since 2013 and provides a comprehensive range of products for major construction projects in Southern China, including elastomeric insulation for HVAC as well as heating & plumbing and refrigeration systems.

The transaction includes two production lines in De Xu’s production site in Yingde, Guangdong, and the intellectual property of Sinoflex. De Xu has approx. 40 employees and is located in proximity to Armacell’s manufacturing facilities in Panyu.

(PRA)

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