Compass Diversified's Altor Solutions Has Entered Into A Definitive Agreement To Acquire Lifoam Industries For An Enterprise Value Of $137M In Cash At Closing
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Compass Diversified's subsidiary, Altor Solutions, has entered into a definitive agreement to acquire Lifoam Industries for $137 million in cash. Lifoam, a manufacturer of temperature-controlled shipping solutions, will enhance Altor's offerings in the industrial and life sciences markets.
August 19, 2024 | 12:06 pm
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Compass Diversified's subsidiary, Altor Solutions, is acquiring Lifoam Industries for $137 million in cash. This acquisition is expected to enhance Altor's product offerings in temperature-controlled packaging solutions.
The acquisition of Lifoam Industries by Altor Solutions, a subsidiary of Compass Diversified, is likely to enhance Altor's product offerings and market position in temperature-controlled packaging solutions. This strategic move is expected to positively impact CODI's stock price in the short term.
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