Foamex International terminates sale of GFI carpet cushion business
LINWOOD, Pa. -- Foamex International Inc. today
announced that discussions with Leggett & Platt for the sale of Foamex's GFI carpet cushion business have been terminated.
On September 10, 2002 the company announced that it had signed a letter of intent with Leggett & Platt under which Foamex was to sell GFI to Leggett & Platt. The two companies were unable to reach agreement on definitive terms
for the transaction.