Sleep Innovations emerges from Ch.11
March 5, 2009,
West Long Branch, N.J. – Memory foam products manufacturer Sleep Innovations has emerged from Chapter 11 bankruptcy protection and has obtained $33 million in exit financing from existing lenders.
“Today’s marks the start of an exciting new chapter for Sleep Innovations, said Rick Heller, ceo. “With a strengthened capital base, we are well-positioned to reach our full potential.”
Jim Judge, evp for marketing & sales, said Sleep Innovations will head into next week’s New York Home Fashions Market with innovative, high-quality products, packaging and programs.
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