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Issue 6, 2019 - FXI and INNOCOR merge to form a new company

 Last Update: 2022-11-11
 Source: Internet
 Author: User

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FXI and INNOCOR merge to form new company On March 5, two polyurethane foam product producers FXI and Innovor announced the signing of a definitive merger agreement to create a new company

.
The combined company will offer a complete range of solutions and serve customers in a wide range of end markets, including bedding, furniture, transportation, medical, filtration, acoustics and industrial
.
A subsidiary of FXI's controlling shareholder One Rock Capital Partners, LLC and Innocor's majority shareholder Bain Capital Private Equity will continue to own the combined company
.
The transaction, backed by a fully committed debt facility, is expected to close in the second half of 2019 and is subject to customary closing conditions and regulatory approvals
.

Harold J.
Earley, President and Chief Executive Officer of FXI, said, "This collaboration brings together two industry leaders with complementary capabilities and we will provide customers with an unparalleled service experience by enhancing our manufacturing and R&D capabilities, creating an innovative, high-quality polyurethane foam product and solution with reduced lead times
.
" ”

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