Pacific Coast Feather Company announces new plant
Furniture Today Staff -- Furniture Today, December 12, 2013
Seattle - Pacific Coast Feather Company will build a new mattress pad production operation in Gastonia, N.C. to replace the company's Wayne, Neb. Plant, which was destroyed by a powerful EF4 tornado on Oct. 4.
The amount of the transaction was not disclosed.
The company has entered an agreement to buy an existing facility and land along with some of its existing mattress pad equipment. That will be supplemented with new state-of-the art equipment as soon as the deal closes in mid-January.
The operation is expected to go live by March.
"While the company's customers have been very understanding and cooperative, they have clear expectations about when PCFC must begin shipping mattress pads again to have a chance of retaining the business into next season," the company said in an announcement.
PCFC president and ceo Joe Crawford said the company was unable to find a suitable facility in the vicinity of its former Nebraska plant.
"Our colleagues in Wayne are hard-working, loyal employees who have been caught up in a tragedy not of their making," said Crawford. "We wish we could have found a way to stay in or near Wayne, but the needs of the business leave us no choice but to move immediately back into production to support our customers."
PCFC said it will continue paying Wayne employees their full salaries through the end of 2013 and will cover medical insurance premiums for employees and their families through the end of March 2014. In addition, all employees who were hired prior to April 1 of this year are being offered jobs and relocation to the new North Carolina plant.
The company is also establishing a $200,000 scholarship at Wayne State College, with preferential consideration to children or grandchildren of PCFC employees.
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