Sleep Innovations Emerges from Ch. 11
March 23, 2009,
— 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 marks the start of an exciting new chapter for Sleep Innovations, said ceo Rick Heller on Thursday, March 5. "With a strengthened capital base, we are well-positioned to reach our full potential."
Jim Judge, evp for marketing and sales, said Sleep Innovations planned to bring innovative, high-quality products, packaging and programs to the New York Home Fashions Market held earlier this month.