{"id":9105,"date":"2018-04-25T17:09:03","date_gmt":"2018-04-25T15:09:03","guid":{"rendered":"https:\/\/fedil.lu\/member-news\/armacell-acquires-tb-concept-inc\/"},"modified":"2018-04-25T17:09:03","modified_gmt":"2018-04-25T15:09:03","slug":"armacell-acquires-tb-concept-inc","status":"publish","type":"member-news","link":"https:\/\/fedil.lu\/de\/member-news\/armacell-acquires-tb-concept-inc\/","title":{"rendered":"Armacell acquires TB Concept Inc."},"content":{"rendered":"

Luxembourg \/ Montreal, 25 April 2018 \u2013 Armacell, a global leader in flexible foam for the equipment insulation market and a leading provider of engineered foams, acquires TB Concept Inc., a Montreal-based company specialised in the manufacturing of patented pipe support solutions. The transaction strengthens Armacell\u2018s global accessories business and the group\u2019s footprint in Canada.<\/p>\n

TB Concept Inc. has been developing easy-to-install pipe saddles and shields for almost two decades. The company was the first to recognise requirements for tool-free pipe support solutions securing piping systems while at the same time eliminating the typical thermal bridge and protecting the pipe and its insulation from damage.<\/p>\n

Today, the company offers a complete suite of innovative pipe support solutions, including the leading Insuguard\u00ae brand. Insuguard\u2019s revolutionary design allows for pipe movement within the support system, thereby minimising maintenance or repairs and considerably reducing energy loss.<\/p>\n

Commenting on the transaction, Keith A. Norwood, Vice President of Armacell Americas, said: \u201cWe are excited to be working with TB Concept and their talented team. The company\u2019s unique product solutions are a great asset to our customers and perfectly fit into our business model, underlining once again our technical leadership in the insulation industry.\u201d<\/p>\n

Martin Boudreau, the Co-founder and President of TB Concept Inc., added: \u201cJoining forces with Armacell allows us to present Insuguard pipe support solutions to a much wider range of customers than ever before and take our organisation to the next level.\u201d<\/p>\n

Operating worldwide \u2013 with key target markets in Northern America and Australasia \u2013 the company\u2019s pipe hanger solutions are principally used in industrial and commercial HVAC, refrigeration and heating systems.<\/p>\n

As part of the transaction, the co-founder and shareholders of TB Concept Inc. will join Armacell and reinforce the regional management team. The parties have agreed to keep the purchase price of the transaction confidential.<\/p>\n

www.armacell.com<\/a><\/strong><\/p>\n\"\"\n","protected":false},"featured_media":0,"template":"","class_list":["post-9105","member-news","type-member-news","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/fedil.lu\/de\/wp-json\/wp\/v2\/member-news\/9105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fedil.lu\/de\/wp-json\/wp\/v2\/member-news"}],"about":[{"href":"https:\/\/fedil.lu\/de\/wp-json\/wp\/v2\/types\/member-news"}],"version-history":[{"count":0,"href":"https:\/\/fedil.lu\/de\/wp-json\/wp\/v2\/member-news\/9105\/revisions"}],"wp:attachment":[{"href":"https:\/\/fedil.lu\/de\/wp-json\/wp\/v2\/media?parent=9105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}