TPG Said to Explore Sale of Foam Rubber Manufacturer Vita Group

TPG is exploring the sale of foam rubber maker Vita Group, which the private-equity firm acquired for about $1.25 billion in 2005, according to people familiar with the situation.

The buyout firm is working with Jefferies Group LLC as it considers a disposal, said the people, who asked not to be identified because the matter is private. The plans are at an early stage and a sales process could start toward the end of the year or early next year, they said. Representatives for TPG and Jefferies declined to comment.