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Astorg and Alpha Private Equity announced that they have signed a binding agreement whereby Astorg will acquire IPCOM ("IPCOM" or the "Company"), a pan-European leading B2B specialty distributor of technical and building insulation products.
The Company delivered strong organic growth in the past thanks to its differentiated position in a niche market driven by the penetration of insulation and is poised to encounter accelerated development in the future due to regulation and ESG secular trends, insulation being a critical and short payback lever for energy efficiency. IPCOM has also emerged as the natural market consolidator in a still highly fragmented industry, partnering with technical insulation distributors to expand its geographical footprint, broaden its...
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