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Armacell has new owners

INSULATION manufacturer Armacell International has been acquired by asset management firm Investcorp from the previous investors Gilde Investment Management and CVC Capital Partners. The terms of the transaction were not disclosed.
Armacell was the subject of a management buy-out from Armstrong World Industries in 2000 and is today a global business, headquartered in Munster, Germany, with operations in the United States, South America, Central and Eastern Europe, Russia and Asia.

The company has around 2,500 employees at 20 production sites in 13 countries

Investcorp is an internationally active investment group and venture capital company with offices in London, New York and Bahrain. Since it was founded in 1982, Investcorp has arranged acquisitions with a combined value of around 30 billion US dollars.

World Refrigeration Day

Industry has embraced the inaugural World Refrigeration Day (WRD) with events happening all over the world....


Carrier chillers cool MRI scanner facility

A new multi-million pound MRI scanner facility at NHS University Hospital of Wales, Cardiff, is being cooled by high-efficiency chillers from Carrier. Carrier’s heating, ventilating and air conditioning (HVAC) business is a part of Carrier, a ...


New Zanotti GM Wall Mounted Monoblock

AFR Refrigeration Ltd introduces the new GM range of through wall mounted monoblocks with refreshed modern appearance and upgraded touch style control panel keypad.
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