Urethane and particle foam technologies supplier, The Woodbridge Group has acquired 100% ownership of Woodbridge FoamPartner and has started operating as Woodbridge Technical Products (WTP).
“The purchase enables The Woodbridge Group to further support current customers with a broad line of technical polyurethane foam solutions,” said a statement from the company. “The breadth of products provided by WTP, coupled with the Woodbridge research and development and product development teams, advances an already strong customer commitment to future innovation.
“The newly named business unit Woodbridge Technical Products Company reinforces the organisation’s focus and will continue to manufacture slab urethane foams for a broad range of existing customers and markets including consumer products, automotive, filtration, medical and industrial.
“The inception of the joint venture in 2007 created a win-win situation with successful growth of The Woodbridge Group. But strategic developments led us to conclude it was in the best interest of both parties to dissolve our arrangement. We will be able to meet our obligations towards our customers, and we look forward to the continued collaboration with FoamPartner on new terms.”
The Woodbridge Group is Canadian-owned with 63 facilities operating in 21 countries for the development and production of polyurethane products.
Automotive applications include components for seating, structural support, occupant protection, headliner systems and acoustical management, as well as services including engineering and design, supply chain management, assembly, sequencing and JIT delivery solutions.