Foam Holdings Acquires Amvic and Concrete Block Insulating Systems

ROSEMONT, Ill.--(BUSINESS WIRE)--Foam Holdings, a Wynnchurch Capital, L.P. (“Wynnchurch”) portfolio company, announced the acquisitions of Amvic, Inc. (“Amvic”) and Concrete Block Insulating Systems, Inc. (“CBIS”). Amvic, headquartered in Toronto, Ontario, is an industry-leading manufacturer of expanded polystyrene (“EPS”) insulated concrete forms, radiant heat flooring and other construction and insulation products. CBIS, headquartered in West Brookfield, Massachusetts, manufactures EPS preformed concrete block insulation systems and insulated containers.

“We are thrilled to have acquired Amvic and CBIS,” said Greg Silvestri, CEO of Foam Holdings. Greg continued, “Both are founder-led businesses, built on decades of product innovation and the strongest reputation for quality and service. With these acquisitions, Foam Holdings has added complementary products and locations to better service our customers across North America.”

“We are very pleased to have completed these two highly strategic acquisitions for Foam Holdings,” said Paul Ciolino, Partner at Wynnchurch. Paul added, “We are committed to providing our customers with best-in-class products and unmatched service as we continue to expand on the Foam Holdings platform.”

About Amvic:

Founded in 1997 and headquartered in Toronto, Ontario, Amvic is a manufacturer of insulated concrete forms, radiant heat flooring insulation, and other insulation products as well as geofoam used in the residential and commercial construction and infrastructure markets. Amvic specializes in producing innovative and cost-effective products for the building envelope industry out of its facilities in Ontario and Calgary. For more information, please visit: https://www.amvicsystem.com.

About CBIS:

Founded in 1975 and headquartered in West Brookfield, Massachusetts, CBIS manufactures EPS preformed concrete block insulation systems and insulated containers used for insulation purposes. Products include HI-R Energy Efficient Concrete Masonry Units (“CMU”), Wall Systems, Universal Inserts, and custom EPS products. https://www.cbisinc.com.

About Foam Holdings:

Foam Holdings is a manufacturer and distributor of custom EPS, expanded polypropylene and ARCEL foam products. The company serves the packaging, building products, appliance, cold chain, automotive, consumer and other general industrial end-markets. For more information, please visit: https://www.foamholdings.com.

About Wynnchurch Capital:

Wynnchurch Capital, L.P., headquartered in the Chicago suburb of Rosemont, Illinois, with an office in New York and an affiliate in Canada, was founded in 1999, and is a leading middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada that possess the potential for substantial growth and profit improvement. Wynnchurch Capital manages a number of private equity funds with $5.3 billion of regulatory assets under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs and restructurings. For more information, please visit: https://www.wynnchurch.com.