Polyethylene technical foams Europe: Transfer of activities from Armacell to NMC
Armacell and NMC, both leading companies’ in synthetic foams, announce that they have agreed the sale of Armacell’s PE technical foam business in Europe to NMC with effective date September 1, 2011. With this transaction, NMC will take over the polyethelene packaging, industrial and leisure foam activities from Armacell and the associated dedicated people and machines currently operating in Armacell’s Thimister plant in Belgium.
The PE Insulation and PET Core-Foam businesses of Armacell as well as the North American PE technical foam business and the worldwide synthetic rubber foam business of Armacell are not affected by this transaction and will remain the strategic growth priorities of Armacell.
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