Armacell to acquire the remaining stake in AJA from JIOS Aerogel.

Armacell, a provider of engineered foams, agreed to acquire the remaining stake in Armacell JIOS Aerogels, its silica aerogel products joint venture with JIOS Aerogel, an innovator in critical components for lithium-ion batteries. Financial terms were not disclosed. "This acquisition acknowledges the success of the joint venture that began eight years ago. It represents a major step forward in Armacell's strategy to strongly grow its energy and industry business, in particular through technological innovations, increased capacity in aerogel manufacturing and outstanding service capabilities," Laurent Musy, Armacell President and CEO.