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Article: Sale of Foamex International to MatlinPatterson/Black Diamond Group Creates FXI
- Article from:
- Manufacturing Close-Up
- Article date:
- June 28, 2009
CopyrightCopyright 2009 Manufacturing Close-Up. Provided by ProQuest LLC. (Hide copyright information)
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A new company, FXI - Foamex Innovations, was formed recently
resulting from the acquisition of Foamex International Inc. by
MatlinPatterson Global Opportunities Partners III L.P. and Black
Diamond Capital Management, L.L.C.
MatlinPatterson and Black Diamond completed the acquisition of
substantially all of the Foamex assets on June 12.
A privately held company, FXI will retain all current business
lines and continue to lead the foam industry with foam applications
for its customers in a diverse marketplace - from the aerospace
industry to office equipment to environmentally-friendly home
furnishings. In addition, the Company noted, it expects to
aggressively pursue new business opportunities ...