Jadex to sell lifoam to altor solutions

New york , aug. 19, 2024 /prnewswire/ -- jadex inc. ("jadex"), a manufacturer and material sciences company, today announced it has entered into a definitive agreement to sell lifoam industries, llc ("lifoam" or the "company") to altor solutions ("altor"), a subsidiary of compass diversified (nyse: codi), for $137 million in cash. post-tax net proceeds from the sale are expected to be used to pay down debt and fund investment in the remaining business.
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