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Foamex History
Foamex History

Foamex's roots date back to 1983 with the acquisition of Scott Paper's foam division.  Since then Foamex has grown both internally and through strategic acquisitions:

  • In 1986,  Foamex Products, Inc., the former foam division of The Firestone Tire & Rubber Company, was acquired.

  • In 1988, three regional producers were acquired:  Millfoam Products, Inc. (from Miller Companies), a Tupelo, M.S. plant (from Sheller-Globe) and Curon (from Reeves Brothers).

  • In 1990, Foamex L.P. was formed through the contribution of certain North American foam assets from Recticel S.A., Europe's largest foam manufacturer and certain other assets from its then-owner.

  • In 1993, Foamex acquired Great Western Foam Co., a major West Coast foam producer; and General Felt Industries (GFI), a carpet cushion manufacturer and distributor in Saddlebrook, N.J.

  • In 1993, Foamex completed an IPO and became an independent public company, trading on the NASDAQ as FMXI.

  • In 1994, Foamex acquired TEFSA, a Mexican foam producer.

  • In 1995, Foamex installed its first of four new Variable Pressure Foaming (VPF) lines and began marketing proprietary and value-added VPF products.

  • In 1995, Foamex acquired certain fiber and synthetic felt carpet cushion assets from G.S. Industries, Inc. and Pontotoc Fibers, Inc.

  • In 1996, Foamex announced a strategic alliance with Recticel, the largest manufacturer of polyurethane products in Europe, to jointly design, manufacture and market products for the automotive industry.

  • In 1996, Foamex created Foamex Asia, a new division to focus exclusively on expanding the Company's presence in Asian markets.

  • In 1997, Foamex completed the acquisition of Crain Holdings Corp., a producer of flexible polyurethane foam.

  • In 2001, Foamex expanded its operations by adding VPF manufacturing facilities in Cornelius, N.C. and Auburn, I.N.

  • In 2001, Foamex acquired certain assets of General Foam Corporation.

Company Background
History
Management Team
Facilities

 

 

 


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