BASF announced that it has acquired Foam Enterprises Inc. Financial details for the transaction were not disclosed.

The company and FEI will continue to supply customized polyurethane systems to their respective customers. FEI will operate as a subsidiary of BASF Corp. BASF will supply FEI with many of the polyurethane raw materials the system house uses to produce its customized foam formulations for customers.

FEI's founder and President Dennis Holbert will continue to lead FEI, which employs approximately 80 people at its Minneapolis headquarters and its research and production operations in Houston.