Armacell acquires De Xu – a Chinese manufacturer of elastomeric insulation foams


Strengthening market position and production capacity in China - Expanding product portfolio with Sinoflex brand - Continuation of focused internationalisation strategy

<< Back
  • Armacell

Armacell, a global leader in flexible foam for the equipment insulation market and a leading provider of engineered foams, acquires De Xu (Guangdong De Xu Insulation Materials Co. Ltd). The company is a local manufacturer of flexible elastomeric foam under the Sinoflex brand and operates from its Yingde facility in the province of Guangdong in Southern China.

De Xu has been selling and manufacturing insulation foams since 2013 and provides a comprehensive range of products for major construction projects in Southern China, including elastomeric insulation for HVAC as well as heating & plumbing and refrigeration systems.

Commenting on the transaction, Patrick Mathieu, President and CEO of the Armacell Group, said: “The acquisition of De Xu and the Sinoflex brand reinforces our capacity to cover local market demand and adds additional production potential in our second fastest growing market in the Asia Pacific region.”

The transaction includes two production lines in De Xu’s production site in Yingde, Guangdong, and the intellectual property of Sinoflex. De Xu has approx. 40 employees and is located in proximity to Armacell’s manufacturing facilities in Panyu.

The parties have agreed to keep the purchase price of the transaction confidential.

Back to top  | << Back

Communiqués liés

2016 01 13 EY-PG-2

Politique fiscale, BEPS et ATAD, autant de défis mais égal...

Perspectives pour les politiques fiscales numériques et le cadre fiscal élargi...


Lancement de nouveaux menus en Classe Affaires à bord des v...

Caractère, raffinement et tradition – les ingrédients d’un nouveau concept...

KBL European Private Bankers

KBL epb renforce sa présence au Royaume-Uni avec l'acquisi...

KBL European Private Bankers (KBL epb), groupe paneuropéen de banques privées,...


Beluga whales safely land in Iceland

Cargolux delivers little gre and little white safely to Iceland on their way to ...

dla piper rgb
19/06/2019 Personnalités

DLA Piper stregthens tax offering in Luxembourg with new hir...

DLA Piper today announces the appointment of Julie Hecklen as counsel in its Tax...

DLA Piper
KBL epb HQ

KBL Luxembourg analyse les perspectives de l'industrie mondi...

Une industrie de 8 000 milliards d’euros en pleine expansion, tirée par une c...


Il n'y a aucun résultat pour votre recherche

We use cookies to ensure the best experience on our website. By accepting you agree the use of cookies. OK Learn more