PIE-TICKER
Armacell acquires US plant from Monarch
Armacell International (www.armacell.com), Mebane, North Carolina / USA, is expanding its technical foams business with the acquisition of a production facility of Monarch Rubber Company (www.monarchrubber.com), Baltimore, Maryland / USA, in Spencer, West Virginia. The plant, which employs 67, produces rubber-based block foam for automotive and electronic applications, as well as sporting goods and shoes. Armacell, which regards itself as a word leader in foams technology, was created through an MBO in 2000. With sales of EUR 300m in 2004, the group employs 2,200 at 18 worldwide sites.
31.03.2005 Plasteurope.com [11382]
Published on 31.03.2005