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Sleep Innovations emerges from Ch.11

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.

The company’s pre-packaged plan of reorganization was confirmed by the U.S. Bankruptcy Court in Delaware early last month. The company spent five months in Chapter 11.

“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.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

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