New ownership for Maine Street Living
Retail Editor 5 -- Home Textiles Today, August 2, 2013
Scarborough, Maine - Memory foam sleep products company Maine Street Living (MSL) has been acquired by Maine Street Holdings, a Florida-based corporation.
Terms were not disclosed.
In addition to its US-made EnviroTech brand memory foam products, MSL designs and develops rugs, towels, sheets, top of bed, and blankets. The company's licensed brands include The World of Ed Heck in youth bed and bath, among other categories.
"Our focus for the future will be to promote MSL's brands in all our textile categories through more extensive marketing campaigns and the development of our experienced national sales team" says Gary Garrison, president of Maine Street Holdings, who also heads up the company's national sales force.
By the fourth quarter 2013, the company will launch several new mattress product additions to its line of enviro-memory products, according to Chris Phillips, coo of Maine Street Holdings. "We are very excited about the new company and are working to evolve current mattress products within the EnviroTech line to increase our market share presence in the memory foam mattress business," said Chris Phillips.
Added ceo Charles Odom: "It is my intention to make a statement and become a formidable player in this industry."
MSL will maintain its New York showroom at 230 5th Ave, Suite 1808.
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