Fort Lauderdale, Florida -- Ecosafe Insulation of Florida llc (ECOFL) and parent company Trans Global Group Inc. have signed a letter of intent to acquire All Weather Insulation Inc, a manufacturer of spray and injection foam rigs.
AWI has annual revenues of around $1 million and has been in the foam industry for around 2 years, Trans Global said 25 March, adding that it anticipates that the acquisition will give ECOFL "a strong platform to build from in both equipment and product sales and distribution within its network of installers and dealer/distributors."
AWI also provides advice and training to its clients and sells "Green Foam" products, the statement added. (RD)
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