Media, Pennsylvania - MatlinPatterson Global Opportunities Partners III LP and Black Diamond Capital Management llc have completed the purchase of Foamex International Inc. and renamed the company FXI - Foamex Innovations.
FXI, a privately held polyurethane foam product producer, will retain all current business lines and continue to operate in a diverse market that includes the aerospace industry, office equipment and environmentally friendly home furnishings, the company said.
In addition, FXI said it expects to aggressively pursue new business opportunities and to benefit from the financial and business expertise of its new owners.
Black Diamond and MatlinPatterson completed the acquisition of substantially all of the Foamex assets 12 June and renamed the firm 15 June.
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