Crain Industries, Inc. completes acquisition of Comfort Clinic, Inc.ST. LOUIS--(BUSINESS WIRE)--Oct. 21, 1996--Crain Industries, Inc., of St. Louis, a leading manufacturer and fabricator fab·ri·cate tr.v. fab·ri·cat·ed, fab·ri·cat·ing, fab·ri·cates 1. To make; create. 2. To construct by combining or assembling diverse, typically standardized parts: of flexible polyurethane foam Noun 1. polyurethane foam - a foam made by adding water to polyurethane plastics polyfoam polyurethan, polyurethane - any of various polymers containing the urethane radical; a wide variety of synthetic forms are made and used as adhesives or plastics or and foam products, today announced that it has completed its previously announced acquisition of Comfort Clinic, Inc., of Atlanta, Georgia, from Sunrise Medical, Inc., in a cash transaction valued at $14 million. Comfort Clinic is a major manufacturer and distributor of therapeutic comfort products, primarily foam mattress pads and pillows. James N. Mills, Chairman and Chief Executive Officer of Crain Industries and of Mills & Partners, said: "This transaction, our second strategic acquisition for Crain Industries since Hicks Hicks , Edward 1780-1849. American painter of primitive works, notably The Peaceable Kingdom, of which nearly 100 versions exist. , Muse, Tate & Furst Incorporated and Mills & Partners acquired the company in August 1995, is another example of our proven buy-and-build business philosophy. Moreover, it is a natural evolution of our long-standing relationship with Comfort Clinic, to which Crain has been supplying foam buns for use in Comfort Clinic products and finished products directly to Comfort Clinic's customers. We are happy to add Comfort Clinic to the Crain Industries family." In November 1995, as previously announced, Crain Industries acquired Earl of Arkansas Corporation of West Memphis, Arkansas West Memphis is the largest city in Crittenden County, Arkansas, United States. According to 2006 Census Bureau estimates, the population of the city is 28,181, ranking it as the state's 14th largest city, behind Bentonville. , a manufacturer of cotton batting Cot´ton bat´ting 1. Cotton prepared in sheets or rolls for quilting, upholstering, and similar purposes. and a distributor of mattress insulators. Crain Industries is the third-largest polyurethane foam manufacturer in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Crain Industries products are sold primarily to manufacturers and retailers in the furniture, bedding, packaging, carpet, health care, and recreational vehicle markets, and are used to form cushioning and stuffing for chairs, sofas, pillows, and mattresses as well as in the manufacture of rebonded carpet underlay. With the addition of Comfort Clinic, Crain Industries currently has 28 plants in 14 states across the country, with a total of approximately 1,800 employees. For further information, please contact David M. Sindelar, Senior Vice President and Chief Financial Officer, at (314) 746-2245, or Roy Winnick, Kekst and Company, at (212) 593-2655. CONTACT: Crain Industries, Inc., St. Louis David M. Sindelar, (314) 746-2245 or Kekst and Company, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Roy Winnick, (212) 593-2655. |
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