Wm. T. Burnett acquisition marries 2 independent foam suppliers - Furniture Today

2022-07-15 20:29:49 By : Mr. Hero He

BALTIMORE, Md. — Independent, family-owned foam and nonwovens supplier Wm. T. Burnett & Co. has acquired Phoenix-based Flex Foam, a polyurethane foam manufacturer.

“The addition of Flex Foam to Wm. T. Burnett marks an important milestone in the 137-year history of the company,” said Richard B.C. Tucker Jr., CEO of the Burnett Group. “Like Burnett, Flex Foam was a family-owned business with which we share common values, including a commitment to provide the highest levels of quality and customer service. We look forward to building on our legacy of innovation in the polyurethane industry with broader reach in the Western United States.”

Founded in 1978 by Russ Cortright and his sons Mike and Steve Cortright, Flex Foam specializes in polyurethane foam for use in bedding, furniture, packaging, carpet underlay, medical components, sports equipment and acoustic performance products.

David Cortright, Flex Foam’s general manager, will remain with the company to oversee day-to-day operations.

“Joining the Burnett family is an exciting new chapter for everyone here at Flex Foam,” Cortright said. “Our customers will benefit from access to Burnett’s extensive portfolio of technical polyether and polyester foams and nonwoven products.”

In addition to its foam division, Wm. T. Burnett currently operates a nonwovens manufacturing facilities Phoenix. Burnett’s urethane foam division is headquartered in Jessup, Md., and the Nonwovens Division is based in Statesville, N.C.

Financial details of the transaction were not disclosed.

Greg Davis, president of Wm. T. Burnett, believes that the Flex Foam acquisition will provide new avenues of growth for the company moving forward.

“We look forward to growing Flex Foam’s existing business and expanding our ability to produce specialty urethane foams in Phoenix that meet exacting technical specifications for use in a wide range of industries,” Davis said. “Flex Foam brings a wealth of experience and knowledge that highly complements Burnett’s.”

I’m Sheila Long O’Mara, executive editor at Furniture Today. Throughout my 25-year career in the home furnishings industry, I have been an editor with a number of industry publications and spent a brief stint with a public relations agency where I worked with some of the industry’s leading bedding brands. I rejoined Furniture Today in December 2020 with a focus on bedding and sleep products. It’s a homecoming for me, as I was a writer and editor with Furniture Today from 1994 until 2002. I’m happy to be back and look forward to telling the important stories impacting bedding retailers and manufacturers.

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