Woodbridge Foam Corporation
Company Profile
■URL
https://www.woodbridgegroup.com/
■Address
Business Overview
-The Company provides material technologies for applications in a wide range of markets including automotive, commercial, recreational, packaging, healthcare and building products. It is a global leader in the development and production of polyurethane products.
-For the automotive industry, the Company manufactures molded foam, expanded phone, chemicals, components, and engineered composites for applications including seating, structural support, occupant protection, headliner systems, and NVH management.
Shareholders
-The Company is privately owned.
Products
Seating
-Seatback panel assemblies
-Seat back bolsters
-Rear seat stacked interior components
-Flexible foam
- Climate-controlled seating foam
- Flexible foam lamination
- Low-emission flexible foam
- Topper pads
-Molded foam
- Adaptive comfort and support foams
- Trimvisible foam products
- Textured surface foams
- High-performance foams
- Multi-zone foams
-Head restraints
- Head restraint assembly
- Energy management polyurethane foam
- Foam-in-place head restraint assembly
- Integral skin head restraint
- Foam-on-rod assemblies
- High-resiliency foams
- Dual hardness foams
- Comfort safe head restraints
-Encapsulated StructureLite Module combining seating support with urethane seating pad in a single module
-Integral skin seat armrests
-Foam-in-place armrest assemblies
-StructureLite structural seat foam
Interior
-Thin profile interior foam console armrests
-Integral skin console armrests
-Cab back panel insulators
-Interior soft trim spacer foams
-Rear seat bolster foams
-Rear seat bolster assemblies
-Acoustical foam
-Cargo management solutions
-Thin profile interior foam door armrests
-Integral skin door armrests
-Energy management foam
-Load floors
-Headliner composites
-Coverstock headliner foam
-Thin, high-strength headliner composites
-Package trays
-Technical foams for filters or NVH applications
Exterior
-Structural exterior foam bumper assemblies
-Underhood insulators
-Underbody shields
-Tailgate liners
-Compressor shields
-Acoustical heat shields
-Wheel liners
History
1978 | Began its business as the Woodbridge Foam Corporation, a privately owned Canadian supplier created by the purchase of the polyurethane foam division of the Monsanto Corporation in Woodbridge, Ontario, Canada. |
Early 1980s | Experienced growth primarily through acquisitions. |
Late 1980s | Expanded further by building new facilities strategically located near the Company's customers. |
Mar. 1999 | Group and Poliuretanos S. W., de C. V. announced the expansion of their Joint Venture with the addition of a third manufacturing facility in Mexico. |
Apr. 1999 | Opened manufacturing facility in Sarnia, Ontario, Canada. |
Sep. 1999 | Signed contracts with the Belgian Group, Recticel. Recticel will have a 51% stake in the manufacturing joint venture and the Company will have 49%. |
Feb. 2000 | Acquired the Morval division of PFB Corporation of Calgary Alberta for CAD 17 million. |
Mar. 2001 | Woodbridge and its European partner Recticel will together acquire 50% of Gestind. |
May 2001 | Signed a letter of intent to enter into a Joint Venture with Technicon Industries Inc. of North Carolina. |
Jan. 2005 | New address of Automotive Headquarters. |
Sep. 2005 | Established a joint venture in China with Chinese company called GSK. |
May 2007 | Johnson Controls (JCI) joined with Proseat (a joint venture between Recticel and the Company) to set up a new manufacturing joint venture for the production of molded foam seating cushions in Slovakia and Poland. |
Nov. 2007 | The Group and Inoac Corp. announced to establish four joint venture companies in North America. |
Jul. 2008 | Proseat (joint venture with Recticel S.A.) has signed an agreement for the takeover of all the shares of Indepol, a Spanish moulded foam manufacturer. |
Jul. 2011 | The Company and Wuxi Jixing Auto Parts Co., Ltd. announced that they have agreed to form a joint venture "Wuxi Woodbridge Jixing Advanced Polymer Technology Co, Ltd." in China. |
Aug. 2011 | The Company and the Summa Group announced the expansion of their partnership, with the establishment of a joint venture "DuraLite Formed Plastics" in Leon, Mexico. |
Jan. 2018 | The Company and Inoac announced that they had set up a new equal joint venture "Woodbridge INOAC Technical Products". |
Dec. 2018 | The Company announced that it has entered into an agreement to sell its stake in Proseat, its European joint venture, to partner Recticel S.A. |
Nov. 2021 | Completed acquisition of Hematite, a company specializing in NVH technology development. |
Supplemental Information 1
>>>Business Report up until FY ended Dec. 31, 2009
>>>Business Report up until FY ended Dec. 31, 2011
>>>Business Report up until FY ended Dec. 31, 2014
Note: A figure in brackets ( ) indicates a loss