Altor Solutions, a subsidiary of Compass Diversified (CODI) and a manufacturer of custom protective packaging solutions and componentry, announced that it has acquired Foam Concepts, Inc. Financial terms of the transaction were not disclosed.
Altor’s acquisition of Foam Concepts strengthens its position in packaging and componentry solutions. Founded in 1986 and headquartered in Uxbridge, MA, Foam Concepts is a manufacturer of expanded polystyrene (EPS) foam products for the cold chain, protective packaging and construction end-markets. With the addition of Foam Concepts and its facility, Altor will operate 19 U.S. manufacturing facilities.
“We are confident this is another key milestone as Altor continues its growth trajectory as one of the leading providers of customer packaging solutions,” said James Hughes, CEO of Altor. “Foam Concepts is a natural, complementary fit for Altor, as we continue to pursue our consolidation strategy. With its strategically located facility in the Northeast, we believe the addition of Foam Concepts will further expand our customer base, especially in the cold-chain end-market, while improving profitability and efficiency. We look forward to welcoming Foam Concepts to our team and are poised to continue delivering for our collective customer base as we deliver on our strategic objectives to offer the best packaging solutions for our customers.”
“We are excited for Foam Concepts to join forces with an industry leader like Altor,” said Philip Michaelson and Mark Villamaino, co-owners, Foam Concepts. “For over 25 years, we have taken great pride in providing high-quality products for our customers and we look forward to continuing to deliver on our customer-driven approach benefiting from Altor’s resources and capabilities.”
CODI’s business holdings include 5.11, Boa Technology, Marucci Sports, and Velocity Outdoor in the active lifestyle space. Other businesses include Advanced Circuits, Arnold Magnetic Technologies, Ergobaby, Foam Fabricators, Lugano Diamond,s and Sterno.
