Altor Solutions Acquires Lifoam Industries from Jadex for $137M
October 2, 2024
Altor Solutions, a Compass Diversified (CODI)-backed cold-chain and protective packaging business, has acquired Lifoam Industries from Jadex Inc. for an enterprise value of $137 million in cash (excluding working capital and certain adjustments). The deal expands Altor's cold-chain packaging capabilities and geographic footprint with Lifoam's seven U.S. manufacturing sites and specialized thermal testing and engineering capabilities.
- Buyers
- Altor Solutions, Compass Diversified
- Targets
- Lifoam Industries
- Sellers
- Jadex Inc.
- Platforms
- Altor Solutions
- Industry
- Manufacturing
- Location
- South Carolina, United States
- Transaction Type
- Addon
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