Foamex Asia now Foamtec International

Foamex Asia Co. Ltd. announced today that it has changed its name to "FOAMTEC INTERNATIONAL CO., LTD." The name change is being made in connection with the buy-out of Foamex International Inc.'s interest in the Company by Hua Kee Company Limited ("Hua Kee").
Hua Kee is the current and original partner in the joint venture. Following the buy-out, the company will be a wholly-owned subsidiary of Hua Kee.
According to Stephen Scibelli, CEO of Foamtec International, "FOAMTEC INTERNATIONAL CO., LTD. will continue to focus on developing and manufacturing technical foams and will retain the same facilities, technology and management. The Company's business model is a fully-integrated technical polyurethane foam supplier, from foam to finished parts and/or sub-assemblies provided directly to major end users and distributors globally. This buy-out allows us to move more quickly on the significant opportunities we see in the Microelectronics and Medical markets."