BOCA RATON, Fla.—Sleep Innovations, a portfolio company of Sun Capital Partners Inc., has entered into an agreement to acquire virtually all the assets of Flexible Foam Products Inc.
Flexible Foam Products, headquartered in Spencerville, Ohio, is a producer of polyurethane foam products used in the flooring, bedding, furniture, packaging, retail and automotive industries. West Long Branch, N.J.-based Sleep Innovations is a designer, manufacturer and marketer of memory and conventional foam used for bedding, furniture, medical, bath and pet products.
The deal will bring together two strong companies and enable Sleep Innovations to expand further its presence in the original equipment market, according to Sun Capital, which has offices in Boca Raton, Los Angeles and New York, along with affiliates across the globe.
Terms of the transaction were not disclosed, and the companies did not say when they expected the deal to close.