Radnor-based FXI, a supplier to North American home furnishings providers, recently completed a merger with Innocor, an innovative comfort technology solutions provider.
The combined company will operate under the FXI name and will offer products to several industries, including acoustics, bedding, filtration, furniture, healthcare, and transportation.
“This is an incredibly exciting day for FXI, its talented employees and valued longstanding partners,” FXI President and CEO Harold J. Earley said. “As a newly combined company utilizing the expertise of an integrated management team and significantly enhanced manufacturing and logistical capacity, FXI is positioned to deliver an expanded range of high-quality solutions to our customers faster and more efficiently. We will continue to emphasize operational excellence, putting our customers first, and investing in R&D (research and development) to develop new products, chemistries, processes, and applications. The new FXI will leverage our combined expertise to deliver comfort, wellness, and style to consumers across categories.”
FXI and Innocor agreed to sell three production facilities to Future Foam as part of obtaining Federal Trade Commission approval for the merger.
FXI has 34 manufacturing and distribution facilities throughout North America employing approximately 4,150 people. The company is a supplier to mattress-in-a-box companies.
Innocor’s mattress brands include Novaform and Sleep Innovations.