Turin, Italy -- European engineered foam and insulation company Armacell has bought Guarto, which makes PU foam-based acoustic insulation materials.
Armacell buys Guarto
No price was disclosed for the purchase. Luxembourg-based Armacell said the deal boosts its capacity and product range in the fast-growing sound proofing market. It also strengthens the company's southern European manufacturing base.
Guarto was formed in 1966 to supply automotive components. Now the company produces a range of thick, non-flammable multi-layer products sold as Guartofon. These are insulating panels for pipes, flooring. They are also used in the marine, railway, automotive and construction fields.
Based at Caselle Torinese, near Turin, the company operates a plant with two production lines. Armacell Italia is located north east of Milan in Capriate San Gervasio.
'The acquisition of Guarto extends our 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'.