Compass Diversified-backed Altor Solutions to acquire Lifoam Industries from Jadex for $137m.

Compass Diversified-backed Altor Solutions, a designer and manufacturer of custom protective and cold-chain packaging solutions, agreed to acquire Lifoam Industries, a company that provides manufacturing and distributing EPS foam coolers, from Jadex, a manufacturing and material science company, for $137m. “This acquisition is a pivotal step in accelerating Altor’s long-term strategy to expand our capabilities, particularly in cold-chain packaging solutions. By acquiring Lifoam, we gain infrastructure, design, and certification capabilities. We believe Lifoam’s specialized expertise will attract new customers and enable us to better serve our existing customers with a broader range of new products and expanded geographic coverage," Terry Moody, Altor CEO.