Carpenter responds to FBI raid
HTT Staff -- Home Textiles Today, 7/30/2010 4:03:21 PM
Richmond, Va. - Foam products manufacturer Carpenter Co. has issued a statement following an FBI raid that is part of a federal government probe into pricing practices related to polyurethane foam products.
Carpenter confirmed the investigation, saying: "In connection with a multi-jurisdiction investigation of the pricing practices to polyurethane foam products, the U.S. government has required that manufacturers of polyurethane foam, including Carpenter Co., produce information and documents. Carpenter Co. is being fully responsive and cooperative with the government to facilitate their review."
Carpenter did not say if the probe involves foam that Carpenter supplies to the home furnishings industry. The company is a major supplier to a number of industries.
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