History: Crain Industries, Inc.
Crain Industries Timeline
Crain Industries, Inc. founded in 1963 by H.C. “Dude” Crain
Photo circa 1970s
Sold to PE firm Hicks Muse Tate & Furst in 1995 for $130MM. Sales were $230MM at the time.
Sold by Hicks Muse to Foamex for $113MM in cash and assumption of $100MM in debt.
https://talkbusiness.net/1998/06/wealthiest-profiles/
www.nytimes.com/1997/12/09/business/foamex-to-acquire-crain.html
https://www.rubbernews.com/article/19980427/ISSUE/304279996/foamex-to-close-arkansas-plant
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