Foamex International announced the completion of the previously announced sale of JPS Automotive L.P.Foamex International announced the completion of the previously announced sale of JPS JPS Jewish Publication Society JPS John Peter Smith (Hospital; Texas) JPS Justice & Public Safety JPS Jean Piaget Society JPS Juvenile Polyposis Syndrome JPS Joint Planning Staff Automotive L.P., its automotive carpet, trim and textiles subsidiary, to a subsidiary of Collins & Aikman. The sale price is approximately $220 million and includes approximately $194 million of indebtedness INDEBTEDNESS. The state, of being in debt, without regard to the ability or inability of the party to pay the same. See 1 Story, Eq. 343; 2 Hill. Ab. 421. 2. at JPS Automotive L.P., including $180 million of JPS Automotive Senior Notes. As part of the sale, Foamex and Collins & Aikman entered into certain supply agreements, including products using Foamex's proprietary foam-backed SMT (1) (Surface Mount Technology) See surface mount. (2) (Station ManagemenT) An FDDI network management protocol that provides direct management. Only one node requires the software. SMT - Station Management automotive carpet system technology. As part of the strategic build-up build·up also build-up n. 1. The act or process of amassing or increasing: a military buildup; a buildup of tension during the strike. 2. of production capacities in the growth markets of the Asian Pacific Region, |
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