Jadex Inc. has entered into a definitive agreement to sell Lifoam Industries, LLC to Altor Solutions, a subsidiary of Compass Diversified (CODI), for $137 million in cash. Lifoam is a manufacturer of temperature-controlled packaging products such as thermal shippers and refrigerant gel packs for healthcare, commercial and retail customers.
Jadex is a U.S.-based manufacturing and material sciences company. Jadex expects post-tax net proceeds from the sale to be used to pay down debt and fund investment in the remaining business.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.