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.
MEDIA CONTACT
Julia Sidi
Prosek Partners
pro-onerock@prosek.com
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SOURCE Jadex Inc.
