Compass Diversified-Backed Foam Fabricators Announces Launch of Altor Solutions
04 February 2021 - 12:00AM
Foam Fabricators, Inc. (the “Company” or “Foam Fabricators”), a
leading designer and manufacturer of custom protective packaging
solutions, today announced the launch of Altor Solutions (“Altor”).
Altor, which is Latin for guardian or protector, reflects the
Company’s diverse product offerings across packaging, insulation
and componentry (PIC) and includes manufacturing industry leaders
Foam Fabricators, Polyfoam and Rational Packaging.
Over the past three years, and with the support of Compass
Diversified (NYSE: CODI), an owner of leading middle market
businesses that acquired the Company in 2018, Foam Fabricators has
transformed its business, which historically focused on molded foam
products, into a full-service PIC solutions provider. The new
parent company name reflects this transition and establishes Altor
as a dynamic, engineering-driven company with the goal of designing
and producing superior products that help customers solve their PIC
needs with a wide range of material choices.
“The launch of the Altor Solutions brand is a key milestone as
we continue to add new materials and technologies to our offerings
and reposition the Company as a one-stop shop for customers,” said
James Hughes, CEO of Altor. “We are proud of Foam Fabricators’
roots dating back to 1957, and we look forward to building on its
legacy as part of a larger, diversified platform. Altor will
leverage a wide range of materials from traditional plastics to
organic and plant-based options, and our packaging, insulation and
componentry can be applied to multiple end-markets. As we continue
to scale and expand our geographic reach, we will further establish
Altor as the leading packaging solutions provider for customers
across North America.”
“Demand for protective and thermal packaging has increased
dramatically, and Foam Fabricators has proven to be a true partner
in solving customers’ most complex challenges by creating superior
products and delivering speed to market,” said Elias Sabo, CEO of
Compass Diversified. “The team has expanded its offering and
footprint to meet today’s needs, and this rebranding is a testament
to the success of their hard work. We look forward to supporting
Altor as it builds on this strong foundation."
About Altor Solutions Headquartered in
Scottsdale, AZ, Altor Solutions is a dynamic, engineering-driven
company whose goal is to design and produce superior products that
help customers solve their needs for Packaging, Insulation and
Componentry (PIC). The company offers a wide range of materials
from traditional plastics to organic and plant-based options.
Founded in 1957, the company operates 17 state-of-the-art
facilities across North America specializing in the production and
assembly of key components utilized in protective packaging, OEM
componentry and temperature-controlled containers. For more
information, please visit www.altorsolutions.com.
About Compass Diversified (“CODI”)CODI owns and
manages a diverse set of highly defensible North American middle
market businesses. Each of its current subsidiaries is a leader in
its niche market. For more information,
visit compassdiversified.com.
Leveraging its permanent capital base, long-term disciplined
approach and actionable expertise, CODI maintains controlling
ownership interests in each of its subsidiaries, maximizing its
ability to impact long-term cash flow generation and value
creation. The Company provides both debt and equity capital for its
subsidiaries, contributing to their financial and operating
flexibility. CODI utilizes the cash flows generated by its
subsidiaries to invest in the long-term growth of the Company and
has consistently generated strong returns through its culture of
transparency, alignment and accountability.
Our ten majority-owned subsidiaries are engaged in the following
lines of business:
- The design and marketing of purpose-built technical apparel and
gear serving a wide range of global customers
(5.11);
- The manufacture of quick-turn, small-run and production rigid
printed circuit boards (Advanced Circuits);
- The design and manufacture of custom packaging, insulation and
componentry (Altor Solutions);
- The manufacture of engineered magnetic solutions for a wide
range of specialty applications and end-markets (Arnold
Magnetic Technologies);
- The design and marketing of dial-based fit systems that deliver
performance fit across footwear, headwear and medical bracing
products (BOA Technology);
- The design and marketing of wearable baby carriers, strollers
and related products (Ergobaby);
- The design and manufacture of premium home and gun safes
(Liberty Safe);
- The design and manufacture of baseball and softball equipment
and apparel (Marucci Sports);
- The manufacture and marketing of portable food warming systems
used in the foodservice industry, creative indoor and outdoor
lighting, and home fragrance solutions for the consumer markets
(Sterno); and
- The design, manufacture and marketing of airguns, archery
products, optics and related accessories (Velocity
Outdoor).
Media Contact
Jonathan Keehner / Kate Thompson / Julia SottosantiJoele Frank,
Wilkinson Brimmer Katcher212-355-4449
Source: Altor Solutions and Compass Diversified
Holdings
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