Blackstone to Acquire Armacell Group
12.01.15
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Simpson Thacher is representing a newly formed company organized by certain investment funds affiliated with Blackstone Management Partners L.L.C. and by KIRKBI Invest A/S in connection with the company’s acquisition of the Armacell Group, the leading global manufacturer of flexible foam products for equipment insulation and technical applications.
Armacell operates within two main businesses, Advanced Insulation and Engineered Foams. The Advanced Insulation business develops flexible foam products for the insulation of mechanical equipment in a range of end markets where energy distribution is required, such as commercial and residential construction, industrial applications, and the oil and gas industry. The specialty insulation products are primarily used for air conditioning and plumbing pipes. The second division focuses on specialty light Engineered Foams for use in automotive and sports applications as well as medical and industrial uses.
The Simpson Thacher team includes Mike Wolfson, Clare Gaskell, Linford Coates and Jakob Egle (Corporate); Antti Pesonen and Jennifer Passagne (Credit); Gil Strauss and Noam Katz (Capital Markets); David Vann and Étienne Renaudeau (Antitrust); and Meredith Jones and Joseph Tootle (Tax).