Carpenter Co., a leading manufacturer of polyurethane foams, recently acquired the consumer products division of NCFI Polyurethanes. This acquisition will expand Carpenter’s product offerings and strengthen its position in the bedding and furniture industries.
NCFI, a North Carolina-based company, has been producing innovative foam solutions for various industries since 1964. Its consumer products division specializes in manufacturing foam for bedding, furniture, and other applications. With this acquisition, Carpenter Co. will gain access to NCFI’s advanced foam technologies and expand its product portfolio.
Carpenter Co. is a vertically integrated company that has been in the foam business for over 70 years. It specializes in the production of polyurethane foam, polyester fiber, and a wide range of bedding and furniture products. The company has a strong presence in the United States and operates in several international markets.
The acquisition of NCFI’s consumer products division is a strategic move for Carpenter Co., as it aims to enhance its product offerings and provide better solutions to its customers. The addition of NCFI’s advanced foam technologies will enable Carpenter to develop new products and expand its market reach.
Carpenter Co. President and CEO Stan Yukevich expressed his excitement about the acquisition, stating, “The addition of NCFI’s consumer products division to Carpenter Co. is a perfect fit for our company. Their advanced foam technologies and expertise in the bedding and furniture industries will help us continue to grow and provide innovative solutions to our customers.”
This acquisition is expected to benefit both Carpenter Co. and NCFI. Carpenter will gain access to NCFI’s advanced foam technologies and expand its product portfolio, while NCFI will be able to focus on its core businesses, such as spray foam insulation and specialty foam products.