Sleep Innovations to Emerge from Ch. 11
December 15, 2008,
Memory foam sleep products producer Sleep Innovations has filed its reorganization plan and is on track to emerge from Chapter 11 bankruptcy in the middle of the first quarter 2009, the company announced last week.
In addition, company founder Michael Fux will return to 12-year-old Sleep Innovations as ceo upon its emergence. Fux sold the company in 2005 to private equity firm Catterton Partners. He will become part owner and provide additional liquidity as the Sleep Innovations emerges.