Acquisition of Polystyrene insulation products manufacturer

Carlisle Companies Incorporated announced that it has entered into a definitive agreement to acquire Texas-based expanded polystyrene insulation manufacturer ThermaFoam. Founded in 1978 and located in the Dallas/Fort Worth area, ThermaFoam serves the commercial, residential, and infrastructure construction markets through both the ThermaFoam and PowerFoam brands.

The purchase of ThermaFoam is consistent with Carlisle’s Vision 2030 strategy and strategic pivot to a pure play building products company with increased investment in innovation and synergistic M&A.

Chris Koch, Chair, President, and Chief Executive Officer, said, “The acquisition of ThermaFoam builds on our recently completed acquisition of Plasti-Fab, and leverages the vertically integrated expanded polystyrene capabilities of our EPS business while adding scale, supporting retail channel growth, and providing valuable geographic coverage in Texas and the South Central United States.”

The acquisition is expected to close in the first quarter of 2025.