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Armacell, a global leader in flexible foam for the equipment insulation market and a leading provider of engineered foams, has acquired A.D. IZOLIR, a major Serbian manufacturer of pre-insulated pipes.
Founded in 1984, IZOLIR benefits from more than 35 years of experience in manufacturing pre-insulated pipes, utilised in pipelines and industrial installations, as well as for residential and commercial heating requirements (e.g. district heating). The brand is well-regarded both domestically and in other countries of South-East Europe. As one of the top three producers of heat-shrinkable joints in Europe, IZOLIR operates predominantly in Serbia, Croatia and Bosnia.
Commenting on the transaction, Patrick Mathieu, President CEO of the Armacell...
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