Armacell acquires Guarto – a manufacturer of acoustic insulation solutions

en

Armacell, a global leader in flexible foam for the equipment insulation market and a leading provider of engineered foams, acquires Guarto SRL, an Italian manufacturer of acoustic insulation solutions.

<< Back
  • Armacell

Founded in 1966, Guarto is engaged in the design, manufacture and trade of non-flammable thermoplastic products (high quality heavy layers) used mainly for soundproofing purposes. The company's products are principally used in the marine and rail markets, and to a lesser extent in the automotive and construction industry.

Commenting on the transaction, Guillerme Huguen, Vice President of Armacell Advanced Insulation EMEA, said: “The acquisition of Guarto extends Armacell’s footprint in Italy, enabling us to reinforce our leadership in the fast growing acoustic insulation industry. Furthermore, we are adding new production capacities to our product portfolio and improved customer service in Italy.”

Bart Janssen, Armacell’s Vice President of Engineered Foams, added: “Acoustic solutions are a key pillar of our product portfolio and global megatrends such as acoustic comfort are driving the demand for customised insulation solutions. Together, we can offer additional state-of-the-art product solutions to our customers.”

Carlo Cavezzale, the CEO and majority owner of Guarto, commented: “After more than half a century of experience in the Italian insulation industry, we are delighted to join forces with Armacell, allowing us to take our organisation to the next level.”

The transaction includes two production lines in Guarto’s manufacturing facility near Turin and consolidates Armacell’s presence in Italy, where the group is already present through Armacell Italia SRL.

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

Back to top  | << Back

Communiqués liés

Cargolux

Cargolux adds Santiago de Chile to its global network

On June 14th, Cargolux Airlines returned to Santiago de Chile on a re-designed S...

Cargolux
E Ragot Brochure 2015
14/06/2019 Personnalités

Emmanuelle Ragot appointed to head Wildgen’s employment la...

Wildgen is delighted to announce that Partner Emmanuelle Ragot (Head of Data/IP/...

wildgen
Kleos Scouting Mission artwork
14/06/2019

Luxembourg Space Agency approuve une attribution d’un mill...

Financement pour le développement de produits futurs de données à plus grande...

Kleos Space S.A.
ING
14/06/2019

Au Luxembourg, les utilisateurs de services bancaires digita...

71 % des personnes interrogées au Luxembourg considèrent l’authentification ...

ING Luxembourg
kpmg
13/06/2019

CEOs rewrite the rulebook in pursuit of growth

CEOs are faced with a stark choice. In the face of unparalleled environmental, e...

KPMG
Evgeny Gavrilov
13/06/2019 Personnalités

VNX Exchange renforce sa direction avec un nouveau membre au...

VNX Exchange, entreprise fintech et la plateforme de négociation d’actifs tok...

VNX Exchange

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