Friedman Fleischer & Lowe acquires Icynene

Friedman Fleischer & Lowe acquires Icynene
November 05
12:57 2014

Friedman Fleischer & Lowe, LLC (FFL), a San Francisco based middle market private equity firm, has acquired Icynene Group Limited, a leading manufacturer and distributor of spray polyurethane foam insulation products.

Mississauga, Ontario based Icynene offers a complete portfolio of high-performance open cell and closed cell spray foam insulation solutions. Icynene has been chosen for countless projects, including the US Department of Energy’s Building America project, the Yale University Building Project Program, and the winning homes of the NAHB Energy Value Housing Award.

In the past 25 years, more than 4 billion board feet of Icynene spray foam insulation has been installed in nearly 500,000 residential and commercial projects.

“We are extremely excited to partner with FFL who has a strong track record of partnering with management teams to create growth, as well as a deep knowledge of the building products industry,” said Howard Deck, CEO of Icynene. “The additional resources and business expertise FFL brings will help Icynene continue our momentum and capture new market opportunities.”

“Icynene has done a tremendous job of creating a strong brand and high quality products,” commented Greg Long, Director of FFL. “We look forward to working with Howard and his team to support the company’s product innovation and growth.”

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