FXI Acquires 25-Acre Southern California Manufacturing Site - KXNet.com - Bismarck/Minot/Williston/Dickinson-KXNEWS,ND

FXI Acquires 25-Acre Southern California Manufacturing Site

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SOURCE FXI

DEAL SOLIDIFIES LONG-TERM COMMITMENT TO CUSTOMERS, EMPLOYEES & COMMUNITY

ORANGE, Calif., July 7, 2014 /PRNewswire/ -- FXI, the leading producer of innovative foam products, announced today that it has purchased the 250,000-square-foot, 25-acre manufacturing facility located at 2060 North Batavia Street that it has leased since the Company's formation in 2009. The transaction assures customers, employees and the broader community of the Company's commitment to manufacturing in Southern California for many years to come.

An aerial view of FXI's new manufacturing facility.

"Our Orange facility is critical to supporting our customers in Southern California and the Western part of the United States and we are extremely pleased to complete this purchase. This demonstrates our commitment to our local customers as well as our national customers that require a robust manufacturing footprint," said FXI President and Chief Executive Officer John Cowles

The Orange facility uses patented Variable Pressure Foaming (VPFSM) technology, the most environmentally friendly foam manufacturing process on the market, resulting in virtually zero emissions. VPFSM technology also enables FXI to offer the broadest of array of enhanced performance, flexible polyurethane foam solutions.  

Terms of the transaction were not released. FXI purchased the facility from an affiliate of Sares-Regis Group.

FXI is a leading producer of innovative foam products for the home, healthcare, electronics, industrial, personal care and transportation markets. Headquartered in Media, PA, the company offers an array of products to meet the needs of a diverse marketplace. From mattresses and carpet cushioning to innovations in digital printing and computer disk drives, the foam solutions provided by FXI optimize performance and increase comfort for consumers. For more information and a full list of all product innovations, please visit: www.fxi.com.

Contact:

     Stan Steinreich


     Steinreich Communications


     (201) 498-1600

 Photo - http://photos.prnewswire.com/prnh/20140707/124770

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