DuPont to Acquire MaxLife Industries’ ArmorWall Business
WILMINGTON, Del., Oct. 20, 2021 – DuPont (NYSE: DD) today announced it has signed an agreement to acquire MaxLife Industries’ ArmorWall Business. The transaction, which is expected to close in the fourth quarter 2021, subject to customary closing conditions, includes the ArmorWall brand, patented technology, and a manufacturing facility in Salisbury, North Carolina. Financial terms of the agreement were not disclosed.
“This acquisition perfectly aligns with our strategy to enable our customers to meet their current and future design and productivity challenges by providing a robust portfolio of sustainable, resilient and energy efficient building solutions and technologies. With the addition of the ArmorWall business, we look forward to using our building science and advocacy expertise to achieve meaningful progress on building codes, product adoption and expansion in the industry.”
Tim Lacey, Global Vice President & General Manager, DuPont Performance Building Solutions and Corian® Design.
The acquisition will add a differentiated fire-rated structural insulation sheathing offering (SIS) to the DuPont Performance Building Solutions portfolio, building on Shelter’s pedigree in weatherization, thermal performance, air sealing and fire resistance solutions. Specifically, the ArmorWall Plus SIS wall system will provide thermal protection, air sealing and a water barrier in a single panel that is mold and mildew resistant and allows for a broad range of assemblies passing National Fire Protection Association (NFPA) 285 fire testing. Also, the face of the wall system allows for the direct attachment of exterior cladding fasteners, saving significant time and material during installation.
“While letting go is difficult, I am excited to see the ArmorWall Business evolve to its full potential,” stated Charles Taylor, president and CEO, Taylor Clay. “The building science synergies will bring new and much needed innovations to the built environment.”
The broader portfolio will allow DuPont to expand its reach in the market, leveraging ArmorWall’s customer relationships, market knowledge, manufacturing capabilities and intellectual property.
Jarrett Davis, MaxLife general manager, stated “The unique Structural Insulated Sheathing, or SIS, offering delivers much needed productivity to the jobsite. This acquisition provides a great opportunity to expand reach in the marketplace through the combined portfolio of weatherization, thermal performance, air sealing and fire resistance solutions with the ability to accelerate growth and innovation.”
About MaxLife Industries
MaxLife Industries is an owned subsidiary of Taylor Clay Products, which has been in the ceramics manufacturing industry since the last 1800’s. MaxLife Industries manufacturers high-performance building enclosure panels for the commercial high-rise, mid-rise, low-rise and multifamily markets in new and renovation projects. The primary product line is the ArmorWall Fire-Rated Structural Insulated Sheathing(TM) series which combines four traditional building enclsoure product into one.These SIS panels contain structural strength, durability, continuous insulation, and fire, air and water-resistance. MaxLife Industries was formed by a combination of innovators in applied building science and construction materials manufacturing.
About DuPont Water & Protection
DuPont Water and Protection is a global leader in creating water, shelter and safety solutions for a more sustainable world; enabling its customers to win through unique capabilities, global scale and iconic brands including Kevlar®, Nomex®, Tyvek®, Corian® Design, Great Stuff™, Styrofoam™, and FilmTec™.
DuPont (NYSE: DD) is a global innovation leader with technology-based materials and solutions that help transform industries and everyday life. Our employees apply diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets including electronics, transportation, construction, water, healthcare and worker safety. More information about the company, its businesses and solutions can be found at www.dupont.com. Investors can access information included on the Investor Relations section of the website at investors.dupont.com.