Armacell makes insulation products based on Elastomerics and Polyethylene technologies that it sells to wholesalers, including insulation specialists, heating and plumbing specialists, refrigeration wholesalers, OEMs or DIY retailers.
Examples of the use of Armacell's products include the world's tallest hotel, the Burj Al Arab Hotel Project in Dubai, which uses 15,000m of Armaflex; the insulation system for one of the world's largest cruise ships, the Voyager of the Seas; and 20,000m of Armaflex was used in Asia's largest airport in Pudong, China.
Armacell was spun off from Armstrong World Industries in 2000 and is today a global business, headquartered in Münster, Germany, with operations in the United States, South America, Central and Eastern Europe, Russia and Asia.
Investcorp's Chief Operating Officer, Gary Long, said, 'We believe Armacell is an attractive platform for growth in insulation and technical foams. Armacell is a true leader in the flexible insulation industry and we are excited to be backing a strong management team in a growing industry.'
Investcorp acquires Armacell
Investcorp, the asset management firm specializing in alternative investments, today announced that it has acquired Armacell International GmbH, the global market leader in the development and production of flexible technical insulation.
- Bahrain: Wednesday, February 14 - 2007 at 14:39
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About Investcorp:Investcorp is a leading provider and manager of alternative investment products. It has offices in New York, London and Bahrain and is publicly traded on the London Stock Exchange (IVC) and Bahrain Stock Exchange (INVCORP). Investcorp has five lines of business: private equity, hedge funds, real estate, venture capital and Gulf growth capital. Founded in 1982, Investcorp has grown to become one of the largest and most diverse alternative investment managers in terms of both product offerings and geography. It currently has over $10bn in invested assets under management (AuM), equivalent to a proforma AuM of more than $12bn at the current velocity of annual investment and fundraising.
For further information please contact Jamil Alsharif on Tel: +973 17533532, (M) +973 39634358 or Deborah Botwood Smith on Tel: +44 20 7629 6600
Posted by Janeta Novakovic, Assistant News EditorWednesday, February 14 - 2007 at 14:39 UAE local time (GMT+4)
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Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AME Info Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
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