FFL-owned Icynene closes acquisition of Isolat France
The European affiliate of Canadian spray foam insulation manufacturer Icynene Inc has acquired Isolat France, a French polyurethane insulation distributor. No financial terms were disclosed. Icynene said the deal reinforces its strategy to grow within the European market with direct sales to contractors. President and CEO Mark Sarvary said the company will continue to pursue growth in the regional market both organically and with targeted acquisitions. Established in 1986, Toronto-based Icynene was acquired in 2014 by U.S. private equity firm Friedman Fleischer & Lowe (FFL).
19 September 2017•3 mins read
