Compass diversified-backed altor solutions to acquire lifoam industries

Westport, conn., aug. 19, 2024 (globe newswire) -- altor solutions (“altor”), a subsidiary of compass diversified (nyse: codi) and a leading designer and manufacturer of custom protective and cold-chain packaging solutions for the industrial and life sciences markets, today announced it has entered into a definitive agreement to acquire lifoam industries, llc (“lifoam”), a manufacturer and distributor of temperature-controlled shipping solutions, for an enterprise value of $137 million in cash at closing (excluding working capital and certain other adjustments).
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