FXI Innocor merge to provide become innovative foam Solutions

摘要

FXI and Innocor,two of the leading producers of polyurethane foam products,has announced the signing of a definitive merger agreement that will establish one of the most comprehensive and innovative companies in the industry.The combined company will offer a complete array of solutions and serve customers across a broad range of end markets-including bedding,furniture,transportation,medical,filtration,acoustics,and industrial.Financial terms of the transaction were not disclosed.FXI is a leading provider of innovative foam solutions driven by consumer insights and state-of-the-art research and development.FXI's products are used in a variety of end markets including bedding,furniture,transportation,medical,filtration,acoustics,and industrial.The company has 16 manufacturing and distribution facilities with approximately 2,200 employees.Innocor is a leader in consumer-driven polyurethane foam solutions for finished products in retail,ecommerce and direct-to-consumer segments as well as OEM innovative foam technologies for the sleep,furniture and RV segments.The company has 21 manufacturing and distribution facilities with approximately 1,800 employees.”This partnership brings together two industry pioneers with complementary capabilities,”said Harold J.Earley,President and Chief Executive Officer of FXI,who will lead the combined company.