William T. Burnett & Co., headquartered in Baltimore, Maryland, has completed its acquisition of Flex Foam, the first polyurethane foam manufacturer in Arizona.
Financial details of the transaction were not disclosed.
“The addition of Flex Foam to Wm. T. Burnett marks an important milestone in the 137-year history of the company,” said Richard B.C. Tucker, Jr., chief executive officer of the Burnett Group. “Like Burnett, Flex Foam was a family-owned business with which we share common values, including a commitment to provide the highest levels of quality and customer service. We look forward to building on our legacy of innovation in the polyurethane industry with broader reach in the western United States.”
Flex Foam was founded in Phoenix in 1978 by Russ Cortright and his sons Mike and Steve Cortright. The company specializes in producing polyurethane foam for bedding, furniture, packaging, carpet underlay, medical components, sports equipment and acoustic performance products.
David Cortright, Flex Foam’s general manager, will remain with the company and continue to oversee day-to-day operations.
“Joining the Burnett family is an exciting new chapter for everyone here at Flex Foam,” Cortright said. “Our customers will benefit from access to Burnett’s extensive portfolio of technical polyether and polyester foams and nonwoven products.”
William T. Burnett is no stranger to Phoenix, as the company now operates one of its nonwovens manufacturing facilities in the city. Burnett’s urethane foam division is headquartered in Jessup, Maryland, while the Nonwovens Division is based in Statesville, North Carolina.
Greg Davis, president of William T. Burnett, said he believes that the Flex Foam acquisition will provide new avenues of growth for the company.
“We look forward to growing Flex Foam’s existing business and expanding our ability to produce specialty urethane foams in Phoenix that meet exacting technical specifications for use in a wide range of industries,” Davis said. “Flex Foam brings a wealth of experience and knowledge that highly complements Burnett’s.”