Complex Made Simple

Investcorp considers Armacell sale

Bahrain-based investment firm, Investcorp is considering the sale of German-headquartered insulation materials maker, Armacell, aiming to capitalise on growing investor interest in energy-efficient products, Reuters has reported, citing people familiar with the situation. A sale of the company could attract large industrials groups such as 3M and fetch Investcorp more than €300m ($364m), two of the people said.