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Corsicana’s Sale to Blue Torch Capital Paving the Method for Mattress Producer to Emerge from Chapter 11



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9/20/2022




Corsicana Mattress Firm has been acquired by Blue Torch Finance by a court-supervised public sale beneath part 363 of the U.S. Chapter Code. The courtroom, within the Northern District of Texas in Fort Value, authorised the sale on Friday, making Blue Torch the corporate’s sole proprietor. Previous to the sale, it was a majority proprietor in partnership with Lengthy Level Capital and KKR.

 “The sale is full, and the brand new possession permits Corsicana to emerge from Chapter 11 as a stronger firm with the flexibility to construct on its long-standing basis because the nation’s largest personal retail mattress producer,” mentioned Corsicana CEO Eric Rhea. “We have restructured our firm and strategically outlined our footprint inside key distribution channels to serve our prospects higher, so we are able to ship high-quality sleep merchandise coast-to-coast, handcrafted within the USA for the very best value—enabling the Corsicana enterprise to proceed for one more 50 years because the premier value-priced mattress associate.” 

“We sincerely admire our loyal buyer base and strategic suppliers,” mentioned Rhea. “Corsicana stays extremely targeted on offering our prospects with distinctive service and merchandise. We’re grateful for the continued exhausting work and devotion of our workers and their give attention to making Corsicana essentially the most environment friendly and efficient mattress provider within the {industry}.” 

Corsicana filed for Chapter 11 on June 25th. For extra details about Corsicana’s Chapter 11 case, go to www.donlinrecano.com/corsicana.

 




About Corsicana Mattress

Based in 1971 in Corsicana, Texas, Corsicana Mattress operates 9 factories throughout the nation and has grow to be one of many mattress {industry}’s largest producers. The corporate gives a full vary of merchandise that function the most recent in sleep know-how, together with innerspring, reminiscence foam and hybrid fashions. The corporate additionally has a mattress-in-a-box line that simplifies supply. Corsicana leverages its nationwide manufacturing presence to offer industry-leading high quality, worth, supply, and customer support. Its mission is to offer hard-working People with modern and inexpensive sleep merchandise that enhance their high quality of life.

 

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