ARMACELL
Acquisition of Chinese elastomeric insulating foams producer
Insulation specialist Armacell (Luxembourg; www.armacell.com) has announced its acquisition of De Xu Insulation Materials (Yingde, Guangdong / China). The purchase price has not been disclosed.
De Xu manufactures flexible elastomeric insulation products under the "Sinoflex" brand and supplies the construction industry primarily in southern China. This includes elastomeric insulation for heating, ventilation and air-conditioning (HVAC) as well as plumbing and refrigeration systems. The company has two production lines and about 40 employees at the Yingde site. Armacell has a manufacturing facility in Panyu, Guangdong, about 150 km from Yingde.
De Xu manufactures flexible elastomeric insulation products under the "Sinoflex" brand and supplies the construction industry primarily in southern China. This includes elastomeric insulation for heating, ventilation and air-conditioning (HVAC) as well as plumbing and refrigeration systems. The company has two production lines and about 40 employees at the Yingde site. Armacell has a manufacturing facility in Panyu, Guangdong, about 150 km from Yingde.
05.06.2018 Plasteurope.com [239884-0]
Published on 05.06.2018