Armacell, the flexible foams and insulation specialist, has boosted its product portfolio in acoustic insulation with the acquisition of Guarto Srl., an Italian maker of foam based sound proofing panels.
The move expands Luxembourg-based Armacell’s capacity in the rapidly growing acoustic insulation materials market while extending its manufacturing base in southern Europe, it said.
Acquisitive Armacell had earlier strengthened its market position and manufacturing capacity in China by purchasing the producer of ‘Sinoflex’ flexible elastomeric insulation foams, Guangdong De Xu Insulation Materials Co. Ltd.
De Xu, supplying insulation for HVAC, plumbing and refrigeration systems to major construction projects in southern China, operates two production lines at its plant at Yingde, Guangdong province. It has a 40-strong workforce.
Back in Europe, Guarto of Caselle Torinese, near Turin, Italy produces a variety of thick, non-flammable multi-layer panels for sound proofing machinery, pipes and flooring in the marine, railway, automotive and construction sectors.
Formed in 1966, the Italian firm’s insulating products combine a range of plastics foam layers with various plastic film, nonwovens or aluminium film finishes. Guarto runs two production lines at its plant.
Armacell already operates a local Italian business, Armacell Italia SPA located in Capriate San Gervasio, north east of Milan.
“The acquisition of Guarto extends Armacell’s footprint in Italy, enabling us to reinforce our leadership in the fast growing acoustic insulation industry. ... We are adding new production capacities to our product portfolio and improved customer service in Italy,” commented Guillerme Huguen, vice president of Armacell Advanced Insulation EMEA.
Armacell Engineered Foams vice president Bart Janssen added “acoustic solutions are a key pillar of our product portfolio and global megatrends such as acoustic comfort are driving the demand for customised insulation solutions”.
The acquisition was welcomed by Guarto’s chief executive and majority owner Carlo Cavezzale who said that joining forces with Armacell after “half a century of experience in the Italian insulation industry” would take the business “to the next level”.
In both Italian and Chinese takeover deals, the parties agreed to keep the purchase price of the transaction confidential, stated Armacell. The group already runs a Chinese production unit at Panyu also in Guangdong province.