Foamex to Emerge From Chapter 11

摘要

Foamex International Inc., a producer of poly-urethane foam-based solutions and specialty comfort products, announced the U.S. Bankruptcy Court for the District of Delaware has entered an order approving the sale of substantially all of the company's assets as a going concern to a group comprised of certain affiliates of MatlinPatter-son Global Opportunities Partners III L.P.rnFoamex said it anticipates that both the closing of the transaction and the company's emergence from Chapter 11 will take place this month.rnHe extended thanks to Matlin-Patterson "for their help in getting us to this point by supporting the company with the Stalking Horse bid and providing DIP financing.