American Capital Sends Lifoam to Jarden for $60M, Returns 11%
January 18, 2013
American Capital has sold portfolio company Lifoam Industries to Jarden (NYSE: JAH), receiving $60 million in debt and equity proceeds with the transaction. Based in Hunt Valley, MD, Lifoam manufactures and distributes foam products used for consumer, healthcare and commercial applications. Its product line includes foam picnic coolers, reusable ice and freeze packs, and protective and thermal packaging products. American acquired the company in 2004, and earned an 11% compounded annual rate of return over the life of the investment.