November 21st, 2018

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

Dude Crain Passes