Compass Diversified announced that its subsidiary, Altor Solutions completed its previously announced acquisition of Lifoam Industries, pursuant to the agreement entered into on August 15, 2024. The acquisition was completed for an enterprise value of $137M. Founded in 1954, Lifoam is a leading manufacturer of temperature-controlled packaging products such as thermal shippers and refrigerant gel packs for the healthcare, commercial and retail industries. Lifoam is a carve-out of the material sciences company Jadex Inc.
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