{"id":1726,"date":"2024-08-20T04:24:47","date_gmt":"2024-08-20T08:24:47","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=1726"},"modified":"2024-08-20T04:24:47","modified_gmt":"2024-08-20T08:24:47","slug":"jadex-agrees-to-sell-lifoam-to-altor-solutions-for-137m","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=1726","title":{"rendered":"Jadex agrees to sell Lifoam to Altor Solutions for $137m"},"content":{"rendered":"


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Lifoam manufactures temperature-controlled packaging products. Credit: Rosamar via Shutterstock. <\/figcaption><\/figure>\n<\/p><\/div>\n

Jadex, a US-based manufacturer and material sciences company, has agreed to divest its subsidiary Lifoam Industries for $137m in cash.\u00a0\u00a0<\/p>\n

The company is being acquired by Altor Solutions, a subsidiary of Compass Diversified.\u00a0<\/p>\n

Lifoam manufactures temperature-controlled packaging products such as thermal shippers and refrigerant gel packs for healthcare, commercial, and retail customers.\u00a0<\/p>\n

The company has expanded its presence in the healthcare and food-related cold chain shipping markets in the past few years.\u00a0<\/p>\n

Lifoam\u2019s Bioffex, a polylactic acid-based bead foam, is claimed to be commercially compostable in less than four weeks.\u00a0<\/p>\n

Jadex plans to use proceeds from the divesture to pay off debt and invest in remaining business areas.\u00a0<\/p>\n

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