Münster, 4 March 2014 – Armacell International, the world’s leading manufacturer of flexible technical insulation materials, is intensifying its business activities in South Korea. Having successfully set up its own production facilities in Cheonan, Armacell is now taking over Armatech Co., Ltd, the leading supplier of technical insulation materials for the HVAC/R industry. The acquisition is a further demonstration of Armacell’s growth in this highly technical market segment. The takeover will provide the company with the resources and technology in Korea to develop high-quality system solutions for the building industry.
Company Financial
04 March 2014