July 25, 2022
Wm. T. Burnett & Co. Acquires Flex Foam
Baltimore, MD, June 16, 2022-Wm. T. Burnett & Co., headquartered in Baltimore, Maryland, has acquired Flex Foam, the first polyurethane foam manufacturer in Arizona. Financial details of the transaction were not disclosed.
“The addition of Flex Foam to Wm. T. Burnett marks an important milestone in the 137-year history of the company,” said Richard B.C. Tucker, Jr., chief executive officer of the Burnett Group. “Like Burnett, Flex Foam was a family-owned business with which we share common values, including a commitment to provide the highest levels of quality and customer service. We look forward to building on our legacy of innovation in the polyurethane industry with broader reach in the western United States.”
Flex Foam was founded in Phoenix in 1978 by Russ Cortright and his sons Mike and Steve Cortright. The company specializes in producing polyurethane foam for use in bedding, furniture, packaging, carpet underlay, medical components, sports equipment, and acoustic performance products.
Wm. T. Burnett is no stranger to Phoenix, as the company currently operates one of its nonwovens manufacturing facilities in the city. Burnett’s urethane foam division is headquartered in Jessup, Maryland, while the nonwovens division is based in Statesville, North Carolina.