January 20, 2017 7:12 PM ET


Company Overview of Woodbridge Foam Corporation

Company Overview

Woodbridge Foam Corporation manufactures and provides urethane and particle foam technologies to automotive, commercial, military, protective packaging, healthcare, building products, and recreational vehicle industries. It offers performance seating urethanes and cushioning products; polyurethane and expanded polypropylene for use in seat cushions, backs, and bolster applications; interior soft trims; polyurethane and bead foam occupant safety components; acoustical solutions; cargo management products that include storage bins, convenience trays, customized tool caddies, deck lids, and load floors; and composite sheet foam products, including headliners, hoodliners, pillars, package shelve...

4240 Sherwoodtowne Boulevard

Mississauga, ON L4Z 2G6


Founded in 1978





Key Executives for Woodbridge Foam Corporation

Chief Financial Officer and Director
Age: 78
Vice President of Technology
Global Director of Research and Development
General Manager of Formed Plastics Business Unit
Compensation as of Fiscal Year 2016.

Woodbridge Foam Corporation Key Developments

Miller Law LLC Announces Settlement of $151,250,000 for Purchasers of Certain Products Containing Polyurethane Foam

Miller Law LLC announced a settlement of $151,250,000 for purchasers of certain products containing polyurethane foam. A lawsuit known as In re Polyurethane Foam Antitrust Litigation, Case No. 10-MD-2196, is pending in the United States District Court for the Northern District of Ohio in Toledo. The Settlements have now been reached with the following Defendants: Carpenter Co., FFP Holdings LLC, Future Foam, Inc., FXI Holdings, Inc., Hickory Springs Manufacturing Company, Leggett & Platt, Incorporated, Mohawk Industries, Inc., Vitafoam (Vitafoam Products Canada Limited, and Vitafoam, Inc.), and Woodbridge (Woodbridge Foam Corporation, Woodbridge Sales & Engineering, Inc., and Woodbridge Foam Fabricating, Inc.). Together, these additional settling Defendants will be paying a total of $151,250,000 into the Settlement Fund. Several individuals and businesses brought claims on behalf of a Class of end-user 'indirect' purchasers of products that contain flexible polyurethane foam manufactured or supplied by the Defendants. These products include bedding (for example, mattresses, mattress toppers, or pillows), carpet underlay (also called carpet padding or carpet cushion), and upholstered furniture (for example, a sofa with foam cushions). Plaintiffs claim Defendants engaged in a conspiracy to: increase prices of flexible polyurethane foam and not compete for, or 'allocate,' customers. Plaintiffs contend Defendants violated numerous States' antitrust and consumer protection laws. Defendants deny these claims and deny they are liable to Plaintiffs in any way. Defendants in the nine Settlements will pay a total of $151,250,000. If the Plan of Allocation is approved by the Court, payments will be made to each Claimant from each Settlement pro rata based on the number of valid claims filed and the amounts paid for qualifying products. The Settlement Fund may also be used to pay for the cost to administer the Settlements, attorneys' fees, costs, and expenses, and awards to Class Representative Plaintiffs. Plaintiffs' counsel will request attorneys' fees not to exceed 30% of $151,250,000, plus reimbursement of costs and expenses. The Court will hold a hearing to decide whether to approve the nine proposed Settlements. The hearing will be on DECEMBER 15, 2015, at 10:00 a.m. at the Ashley U.S. Courthouse, 1716 Spielbusch Avenue, Toledo, Ohio 43604. The Court may change the date, time, or location of the hearing.

Foam Makers to Pay $128.5 million to Settle More US Suits

Six polyurethane-foam makers have proposed paying up to $128.5 million to settle another batch of US lawsuits that accused them of fixing prices. The lead lawyer representing the customers that sued the foam companies did not immediately respond to a request for comment on June 23, 2015. The settlement agreements still need to be approved by the court. The dispute goes back to 2010, when customers accused the foam companies of fixing prices since at least 1 January 1999. The buyers alleged they had paid too much for foam. The latest settlement would cover the so-called indirect purchasers. These are customers who bought finished products made from the producers' foam. Under the proposed settlements, Carpenter would pay $63.5 million, and Hickory Springs Manufacturing would pay up to $10.25 million. Leggett & Platt would pay $26.5 million, while Mohawk would pay $16 million. Vitafoam would pay $2.75 million, and Woodbridge would pay $9.5 million. Earlier, the direct purchasers had reached a $275.5 million settlement with another group of foam makers. The direct purchasers bought the foam to make bed mattresses, furniture, carpet and other products that were ultimately sold to the indirect purchasers. Under the agreements, $16 million would be paid by FFP Holdings, formerly known as Flexible Foam Products. Future Foam agreed to pay $32 million, and FXI - Foam Innovations would pay $60 million. It is unclear if FFP Holdings, Future Foam or FXI - Foam Innovations are still involved in the indirect purchasers litigation. They may have reached settlements or obtained dismissals. None of the three companies immediately responded to requests for comment. Mohawk agreed to pay $98 million, while Woodbridge would pay $50 million. Hickory Springs agreed to pay $19.5 million. Other foam producers had reached settlements with the direct purchasers earlier in the litigation. Carpenter agreed to pay $108 million, while Leggett & Platt agreed to $39.8 million. Both companies denied that they fixed prices or did anything wrong. Vitafoam had agreed to pay up to $15 million. It also denied doing anything wrong. Polyurethane foams are made with polyols and isocyanates such as methyl di-p-phenylene isocyanate (MDI) and toluene di-isocyanate (TDI). The case is being litigated in US District Court, Northern Ohio District. The case number is 10-2196.

Supreme Court Rejects Appeal from Carpenter Co., Woodbridge Foam Corp. Fighting $9 Billion Class Action

The Supreme Court won't hear an appeal from a group of flexible foam manufacturers challenging one of the class action lawsuits. The justices on March 2, 2015 let stand a lower court ruling that allowed a lawsuit to go forward that seeks more than $9 billion in damages against Carpenter Co., Woodbridge Foam Corp. and others. Buyers of flexible foam products including seat cushions, foam pillows and mattresses allege the manufacturers were involved in a decades-long conspiracy to fix the price of polyurethane foam. The companies claim there is not enough in common between various purchasers of the foam products to allow a class action to proceed. The 6th U.S. Circuit Court of Appeals rejected that argument.

Similar Private Companies By Industry

Company Name Region
6227945 Canada, Inc. Americas
9949941 Canada Inc Americas
A-Z Sponge & Foam Products Ltd Americas
AB Fertilizer Inc. Americas
Acadian Seaplants Limited Americas

Recent Private Companies Transactions

No transactions available in the past 12 months.

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Woodbridge Foam Corporation, please visit www.woodbridgegroup.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.