Bedford, a King Koil licensee, up for sale
Michael J. Knell -- Furniture Today, June 22, 2009
Toronto — Bedford Furniture Inds., the Canadian licensee for the King Koil mattress brand, is up for sale.
"We're looking for equity," General Manager Larry Lewis said. "We're looking for someone to take the bank's position over."
The transaction is being handled by R.M.S. Richter, the Montreal-headquartered accounting and management consulting firm. Prospective investors will be provided with detailed information about the company over the coming weeks.
Bedford, which operates factories in Toronto and Calgary, hasn't been immune to the downturn which began to be felt in earnest last fall, Lewis said. "We're still delivering to our customers but business isn't where it should be," he said.
Currently, production workers are working four days a week, with wages for the fifth day covered under a negotiated arrangement with the Canadian government's Employment Insurance program.
The 51-year-old company counts Sears Canada, Leon's, The Brick and Lastman's Bad Boy among its major retail accounts. It also is an approved supplier to Cantrex, Home Furniture and Mega Group.
In Quebec, King Koil mattresses are produced by the Laval-based Mirabel Mattress.
-
Canadian King Koil licensee for sale
Jun 15, 2009
Specialty retailer LoveSac introduces new store design
Kincaid Furniture honors Jimmy and Rosalynn Carter for Habitat work
Belfort Furniture, Lawrance Furniture are NHFA Retailers of Year
Furniture, mattress sales boost Conn's sales 37.6% in recent quarter
IMC honors Mike Snider with Robert H. Spilman award for excellence
Featured Company
-
FurnitureCore.com
FurnitureCore.com is a dynamic web application aimed at the furniture industry. Retailers and manufacturers alike will find our deep reserve of tools to be exactly what their furniture business needs.www.furniturecore.com... more
VIEW ALL GALLERIES
