Compass Diversified-backed Foam Fabricators completed the acquisition of Polyfoam.

Compass Diversified-backed Foam Fabricators, a company that designs and manufactures foam products, completed the acquisition of Polyfoam, a manufacturer of plastic products. Financial terms were not disclosed. This acquisition complements Foam Fabricators' current operating footprint and provides access to a new customer base and product offerings, while enabling Foam Fabricators to cross-sell national customers that Polyfoam otherwise could not efficiently serve given limited geographic reach. Foam Fabricators will also benefit from Polyfoam's significant end-market exposure to cold chain (including seafood boxes, insulated shipping containers and grocery delivery totes), as well as its innovative design and development team, which continues to develop new products and uses for foam in non-traditional end-markets. "Today's announcements demonstrate our progress in positioning the Company for its next phase of growth and we are delighted to welcome the Polyfoam team to our platform, which significantly expands our geographic reach, allows us to serve new specialty end-markets and drives technological innovation," James K. Hughes, Foam Fabricators President.