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Markets :: Plastics :: Polystyrene
Jarden acquires Lifoam from American Capital for $60 million
2:06 PM MST | January 17, 2013 | Francinia Protti-Alvarez
Jarden Corp. (Rye, NY) has acquired Lifoam Holdings (Hunt Valley, MD) from private equity firm American Capital (Bethesda, MD). American Capital received $60 million in debt and equity proceeds and realized a gain of $14 million, subject to post-closing adjustments. "Lifoam has demonstrated consisted and strong earnings growth throughout the recession," says Jim Gregory, principal/buyouts at American Capital. Lifoam manufactures and distributes expandable polystyrene and polyurethane products for consumer good, healthcare and commercial...
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