SCOTTSDALE, Ariz., Dec. 8, 2020 /PRNewswire/ -- Foam Fabricators
Inc. (the "Company" or "Foam Fabricators"), a leading designer and
manufacturer of custom protective packaging solutions, today
announced that it has been called upon to support the nationwide
distribution of the upcoming COVID-19 vaccine in the U.S. The
Company has enacted a comprehensive plan utilizing twelve of its
advanced manufacturing facilities to meet the demand for molded
expanded polystyrene ("EPS") shippers. Foam Fabricators' EPS molded
insulated containers are not only proven solutions that provide the
high quality temperature control required for vaccine storage and
distribution, but are also lightweight, safe, low-cost and 100%
recyclable.
Foam Fabricators has a 60-year track record and operates 17
state-of-the-art molding and fabricating facilities across
North America, providing products
to a variety of end-markets, including appliances and electronics,
pharmaceuticals, health and wellness, automotive, building products
and others. In 2018, Foam Fabricators was acquired by Compass
Diversified (NYSE: CODI), an owner of leading middle market
businesses, which has supported the Company's transformation from a
simple producer of molded foam products into a full-service
packaging solutions provider, strengthening and expanding the
capabilities of the business.
"At Foam Fabricators, we are incredibly proud to play such an
important role in the overall vaccine effort," stated Michael Hays, Vice President of Foam
Fabricators. "Our team recognizes the importance of packaging, and
we know better than anyone that without the right solutions, the
vaccine cannot safely get to where it needs to go. This is a huge
project close to the hearts of many, and our decades of accumulated
human and capital resources are being put to the test as we rise to
the occasion."
Elias Sabo, Chief Executive
Officer of CODI, said, "With its extensive national footprint,
decades of experience and deep expertise, Foam Fabricators is one
of the few EPS suppliers in the U.S. that is equipped to overcome
the significant logistical challenges of the vaccine's
distribution, which include unprecedented demand, quick turnaround
and high-quality specifications for packaging. The Company has
established itself as a reliable partner for the most sensitive
customer needs, and we are honored to be able to support Foam
Fabricators in its efforts."
The Company previously supported the distribution of a
nationwide vaccine program during the novel influenza A (H1N1)
virus outbreak in 2009.
About Foam Fabricators
Headquartered in Scottsdale,
AZ, Foam Fabricators is a leading designer and manufacturer
of custom protective packaging solutions and componentry made from
expanded polymers such as expanded polystyrene (EPS), expanded
polypropylene (EPP) and other advanced resins. Founded in 1957, the
company operates 17 state-of-the-art facilities across North America specializing in the production
and assembly of key components utilized in protective packaging,
OEM componentry and temperature-controlled containers. For more
information, please visit www.foamfabricatorsinc.com.
About Compass Diversified ("CODI")
CODI owns and manages a diverse set of highly defensible North
American middle market businesses. Each of its current subsidiaries
is a leader in its niche market. For more information, visit
compassdiversified.com.
Leveraging its permanent capital base, long-term disciplined
approach and actionable expertise, CODI maintains controlling
ownership interests in each of its subsidiaries, maximizing its
ability to impact long-term cash flow generation and value
creation. The Company provides both debt and equity capital for its
subsidiaries, contributing to their financial and operating
flexibility. CODI utilizes the cash flows generated by its
subsidiaries to invest in the long-term growth of the Company and
has consistently generated strong returns through its culture of
transparency, alignment and accountability.
Our ten majority-owned subsidiaries are engaged in the following
lines of business:
- The design and marketing of purpose-built technical apparel and
gear serving a wide range of global customers (5.11);
- The manufacture of quick-turn, small-run and production rigid
printed circuit boards (Advanced Circuits);
- The manufacture of engineered magnetic solutions for a wide
range of specialty applications and end-markets (Arnold Magnetic
Technologies);
- The design and marketing of dial-based fit systems that deliver
performance fit across footwear, headwear and medical bracing
products (BOA Technology);
- The design and marketing of wearable baby carriers, strollers
and related products (Ergobaby);
- The design and manufacture of custom molded protective foam
solutions and OE components (Foam Fabricators);
- The design and manufacture of premium home and gun safes
(Liberty Safe);
- The design and manufacture of baseball and softball equipment
and apparel (Marucci Sports);
- The manufacture and marketing of portable food warming systems
used in the foodservice industry, creative indoor and outdoor
lighting, and home fragrance solutions for the consumer markets
(Sterno); and
- The design, manufacture and marketing of airguns, archery
products, optics and related accessories (Velocity
Outdoor).
Media Contact
Jonathan Keehner / Kate Thompson / Julia
Sottosanti
Joele Frank, Wilkinson Brimmer
Katcher
212-355-4449
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SOURCE Foam Fabricators