Armacell will take complete ownership of the successful aerogel joint venture, AJA, following an agreement with JIOS Aerogel
PR NewswireSept 2, 2024
SINGAPORE and LUXEMBOURG, Sept. 2, 2024 /PRNewswire/ -- Armacell, a global leader in flexible foam for the equipment insulation market and a leading provider of engineered foams, along with its joint venture partner JIOS Aerogel ("JIOS"), a global leader in silica aerogel technology, announced today that Armacell has acquired all JIOS shares in Armacell JIOS Aerogels Limited ("AJA"). This transaction is the outcome of the joint venture's runaway success and comes at a time wh