
Annual Report
The decision-making bodies of Armacell International S.A. are comprised of the persons listed below. They set the strategic goals, establish standards, and ensure compliance responsible for the long-term success of the Group.
Since 29 February 2016, private equity funds managed by Blackstone are Armacell’s majority shareholder. The remaining shares are held by the holding and investment company KIRKBI and Armacell’s senior management team.
As one of the world’s leading investment firms, Blackstone creates positive economic impact and long-term value for its investors, the companies it invests in, and the communities in which it works. Blackstone’s global asset management businesses, with over US$ 545 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds.
KIRKBI is the holding and investment company of the Danish Kirk Kristiansen family. In addition to a broad investment portfolio, the company’s strategic activities include the majority shareholding in the LEGO group, a significant shareholding in Merlin Entertainments plc and investments in renewable energy. KIRKBI has a long-term investment profile and is a responsible investor with a high ethical standard.