Foamex sold

Upholstery Journal | August 2009

Polyurethane foam supplier Foamex Intl. has sold its assets to a pair of private equity firms for $155 million. Jack Johnson, president and CEO of Foamex is excited about the sale. “Foamex has emerged from the process expeditiously and with a stronger balance sheet,” Johnson says. “We will move forward as a private company building on the technological excellence and innovative leadership for which Foamex is known.”

To reflect this new chapter, Foamex has changed its name to FXI.

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