Foamex Parent Acquires Stake in Anatomic Global
June 10, 2011,
CORONA, Calif.-FXI Holdings, parent company of Foamex, has purchased a stake in memory-foam mattress manufacturer Anatomic Global.
Under the terms of the agreement, a new corporation called Anatomic Holdings has been formed, with David Farley, chairman and CEO of Anatomic Global, remaining in those posts. A spokesman for Anatomic said the two companies did not disclose how large a stake FXI has in the new company.
Specifically, this investment will help the company reduce a multimillion-dollar credit obligation to a key supplier (unnamed in the statement), dating back to the launch of its consumer business two years ago.