Foamex readies an acquisition

Linwood, PA — As part of its strategy to grow through acquisition, Foamex has signed an agreement to purchase certain assets of General Foam Corporation (GFC), a manufacturer that did approximately $100 million in sales last year of polyurethane foam products for the automotive, industrial and home furnishings markets.

"This acquisition strengthens our automotive, technical products and foam products businesses and expands our product and service offerings to our customers," said Foamex president and ceo John Televantos.

Foamex did $1.3 billion in sales last year. The transaction is expected to close by the end of the month.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

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See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more... See details!