July 21, 2017 11:37 AM ET

Chemicals

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

Canada

Founded in 1978

Phone:

905-896-3626

Fax:

905-896-9262

Key Executives for Woodbridge Foam Corporation

Chief Financial Officer and Director
Age: 79
Vice President of Technology
Global Director of Research and Development
General Manager of Formed Plastics Business Unit
Compensation as of Fiscal Year 2017.

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.

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Recent Private Companies Transactions

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