Armacell acquires TB Concept Inc.
Armacell has acquired TB Concept Inc., a Montreal-based company specializing in the manufacturing of patented pipe support solutions. Officials said the transaction strengthens Armacell’s global accessories business and the group’s footprint in Canada.
TB Concept Inc. has been developing pipe saddles and shields for almost two decades. Today, the company offers a complete suite of pipe support solutions, including the Insuguard® brand.
“We are excited to be working with TB Concept and their talented team,” said Keith A. Norwood, vice president of Armacell Americas. “The company’s 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.”
Martin Boudreau, the co-founder and president of TB Concept Inc., added: “Joining forces with Armacell allows us to present Insuguard pipe support solutions to a much wider range of customers than ever before and take our organization to the next level.”
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.