M&A Deal Summary

Creative Foam Acquires Aetna Felt

On November 19, 2020, Creative Foam acquired manufacturer Aetna Felt

Acquisition Highlights
  • This is Creative Foam’s 1st transaction in the Manufacturing sector.
  • This is Creative Foam’s 1st transaction in the United States.
  • This is Creative Foam’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2020-11-19
Target Aetna Felt
Sector Manufacturing
Buyer(s) Creative Foam
Deal Type Add-on Acquisition

Target

Aetna Felt

Allentown, Pennsylvania, United States
Aetna Felt Corp. is a manufacturer, fabricator, and distributor of felt and other non-woven materials used in podiatry, foot-care, and other applications. The company’s podiatry products include insoles and inserts, gel cushions, padding, sleeves, straps and socks, and rubber or foam pads and sheets. Aetna Felt Corp. was formed in 1934 and is based in Allentown, Pennsylvania.

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Buyer(S) 1

Buyer

Creative Foam

Fenton, Michigan, United States
Category Company
Founded 1969
Sector Manufacturing
DESCRIPTION

Creative Foam is a manufacturer and supplier of custom-engineered die-cut, formed foam, nonwoven, and multi-material component solutions to the automotive, medical, and wind energy markets. Creative Foam was founded in 1969 and is based in Fenton, Michigan.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
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