Altor Solutions, a subsidiary of Compass Diversified and a designer and manufacturer of custom protective and cold-chain packaging solutions for the industrial and life sciences markets, announced it has entered into a definitive agreement to acquire Lifoam Industries, LLC, a manufacturer and distributor of temperature-controlled shipping solutions, for an enterprise value of $137 million in cash at closing (excluding working capital and certain other adjustments).
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.
