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JADEX COMPLETES SALE OF LIFOAM TO ALTOR SOLUTIONS

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Jadex Inc. has completed the sale of Lifoam Industries, to Altor Solutions, a subsidiary of Compass Diversified (NYSE: CODI), for $137 million in cash, excluding working capital and certain other adjustments. Lifoam is a leading manufacturer of temperature-controlled packaging products such as thermal shippers and refrigerant gel packs for healthcare, commercial, and retail customers.

Over the past several years, Lifoam has focused on innovation, new product development, and environmentally-friendly products, which has allowed it to grow its customer base in the healthcare- and food-related cold chain shipping end markets.

Jadex Inc. ha completato la vendita di Lifoam Industries a Altor Solutions, una sussidiaria di Compass Diversified (NYSE: CODI), per un importo di 137 milioni di dollari in contante, escludendo il capitale circolante e alcuni altri adeguamenti. Lifoam è un produttore leader di prodotti di imballaggio a temperatura controllata come contenitori termici e pacchetti di gel refrigerante per clienti nei settori della salute, commerciale e retail.

Negli ultimi anni, Lifoam si è concentrata su innovazione, sviluppo di nuovi prodotti e prodotti ecologici, il che le ha permesso di espandere la propria base clienti nei mercati della logistica a catena del freddo per il settore sanitario e alimentare.

Jadex Inc. ha completado la venta de Lifoam Industries a Altor Solutions, una subsidiaria de Compass Diversified (NYSE: CODI), por un total de 137 millones de dólares en efectivo, excluyendo el capital de trabajo y ciertos otros ajustes. Lifoam es un fabricante líder de productos de embalaje con control de temperatura como transportadores térmicos y paquetes de gel refrigerante para clientes en el sector salud, comercial y minorista.

En los últimos años, Lifoam se ha enfocado en la innovación, el desarrollo de nuevos productos y productos amigables con el medio ambiente, lo que le ha permitido expandir su base de clientes en los mercados de envío en cadena de frío relacionados con la salud y la alimentación.

Jadex Inc.Lifoam IndustriesCompass Diversified (NYSE: CODI)의 자회사인 Altor Solutions1억 3천7백만 달러에 현금으로 판매하는 거래를 완료했습니다. Lifoam은 의료, 상업 및 소매 고객을 위한 온도 조절 포장 제품, 예를 들어 열전달 포장재 및 냉각 젤 팩의 선두 제조업체입니다.

지난 몇 년 동안 Lifoam은 혁신, 신제품 개발, 친환경 제품에 집중하여 의료 및 식품 관련 냉장 배송 시장에서 고객 기반을 확장할 수 있었습니다.

Jadex Inc. a finalisé la vente de Lifoam Industries à Altor Solutions, une filiale de Compass Diversified (NYSE: CODI), pour un montant de 137 millions de dollars en espèces, hors fonds de roulement et certains autres ajustements. Lifoam est un fabricant leader de produits d'emballage à température contrôlée tels que des expéditeurs thermiques et des packs de gel réfrigérant pour les clients des secteurs de la santé, du commerce et du détail.

Au cours des dernières années, Lifoam s'est concentrée sur l'innovation, le développement de nouveaux produits et des produits respectueux de l'environnement, ce qui lui a permis d'élargir sa clientèle sur les marchés de la chaîne du froid liés à la santé et à l'alimentation.

Jadex Inc. hat den Verkauf von Lifoam Industries an Altor Solutions, eine Tochtergesellschaft von Compass Diversified (NYSE: CODI), für 137 Millionen Dollar in bar abgeschlossen, ohne Betriebskapital und bestimmte andere Anpassungen. Lifoam ist ein führender Hersteller von temperaturgeregelten Verpackungsprodukten, wie z.B. Thermotransportern und Kühgelpackungen für Kunden im Gesundheitswesen, im Handel und im Einzelhandel.

In den letzten Jahren hat sich Lifoam auf Innovation, Produktentwicklung und umweltfreundliche Produkte konzentriert, was ihr ermöglicht hat, ihre Kundenbasis im Bereich der kühlen Lieferketten für Gesundheits- und Lebensmittelmärkte zu erweitern.

Positive
  • Jadex Inc. received $137 million in cash from the sale of Lifoam Industries
  • The sale strengthens Compass Diversified's portfolio in the temperature-controlled packaging sector
  • Lifoam has shown growth in healthcare and food-related cold chain shipping markets
Negative
  • Jadex Inc. is divesting a potentially profitable business unit

Insights

The sale of Lifoam Industries to Altor Solutions for $137 million in cash is a significant transaction for both Jadex and Compass Diversified (CODI). This deal represents a strategic move in the temperature-controlled packaging sector, which has seen increased demand due to growth in healthcare and food-related cold chain shipping.

For CODI, this acquisition expands its portfolio in a high-growth market. The $137 million price tag, excluding working capital and other adjustments, suggests a substantial investment in Lifoam's capabilities and market position. Lifoam's focus on innovation and environmentally-friendly products aligns with current market trends, potentially offering CODI a strong platform for future growth.

Investors should consider the impact on CODI's financial position and potential synergies with its existing subsidiaries. While the immediate effect may be a decrease in cash reserves, the long-term benefits could include increased revenue streams and market share in the temperature-controlled packaging industry. The transaction's success will depend on CODI's ability to integrate Lifoam effectively and capitalize on its growth potential.

The acquisition of Lifoam by Altor Solutions, a CODI subsidiary, reflects the growing importance of temperature-controlled packaging in global supply chains. This sector has seen significant expansion, driven by:

  • Increased demand for pharmaceutical and biologics shipments
  • Growth in meal kit and perishable food delivery services
  • Stricter regulations on temperature-sensitive product transportation

Lifoam's position in this market, with its focus on innovation and eco-friendly solutions, aligns well with current industry trends. The company's growth in healthcare- and food-related cold chain shipping end markets is particularly noteworthy, as these sectors are expected to continue expanding.

For CODI investors, this acquisition represents entry into a high-potential market segment. The temperature-controlled packaging industry is projected to grow at a CAGR of 8.3% from 2021 to 2028, reaching $26.4 billion by 2028. This growth trajectory suggests that the $137 million investment could yield substantial returns if Altor can effectively leverage Lifoam's capabilities and market position.

NEW YORK, Oct. 2, 2024 /PRNewswire/ -- Jadex Inc. ("Jadex"), a manufacturer and material sciences company, today announced it has completed the previously announced sale of Lifoam Industries, LLC ("Lifoam" or the "Company") to Altor Solutions ("Altor"), a subsidiary of Compass Diversified (NYSE: CODI), for $137 million in cash (excluding working capital and certain other adjustments).

Lifoam is a leading manufacturer of temperature-controlled packaging products such as thermal shippers and refrigerant gel packs for healthcare, commercial and retail customers. Over the past several years, Lifoam's focus on innovation, new product development and environmentally-friendly products has allowed it to grow its customer base in the healthcare- and food-related cold chain shipping end markets.

ABOUT JADEX INC.

Jadex is a U.S.-based manufacturing and material sciences company utilizing innovation and technology to develop sustainable products that serve the medical, industrial and consumer markets. The range of products includes custom-designed plastic components, plastic and bio-based cutlery, engineered nylon resins and monofilaments, zinc products and temperature-controlled products. Jadex operates out of 18 manufacturing facilities across the continental U.S., U.K. and Puerto Rico and has approximately 1,800 employees. For more information, visit Jadex.com.

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Julia Sidi
Prosek Partners
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Cision View original content:https://www.prnewswire.com/news-releases/jadex-completes-sale-of-lifoam-to-altor-solutions-302265540.html

SOURCE Jadex Inc.

FAQ

What is the value of the Lifoam Industries sale to Altor Solutions?

Jadex Inc. sold Lifoam Industries to Altor Solutions, a subsidiary of Compass Diversified (NYSE: CODI), for $137 million in cash, excluding working capital and certain other adjustments.

What products does Lifoam Industries manufacture?

Lifoam Industries manufactures temperature-controlled packaging products such as thermal shippers and refrigerant gel packs for healthcare, commercial, and retail customers.

How has Lifoam Industries grown its customer base in recent years?

Lifoam Industries has grown its customer base in healthcare- and food-related cold chain shipping end markets by focusing on innovation, new product development, and environmentally-friendly products.

Who acquired Lifoam Industries from Jadex Inc.?

Altor Solutions, a subsidiary of Compass Diversified (NYSE: CODI), acquired Lifoam Industries from Jadex Inc.

Compass Diversified

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