Subscribe to Furniture Today
Research Store
RSS
Reprints/License
Print
Email

Share this on
Facebook
LinkedIn
Twitter

Sealy will close Pa. facility

By Furniture Today Staff -- Furniture Today, August 15, 2008

Sealy announced last week that it will close its Clarion, Pa., bedding plant in October. Sealy has operated the facility since 1981.

β€œIn light of current economic conditions and continued softness in the retail mattress environment, we determined that closing this plant is the best decision for the company,” said Larry Rogers, Sealy CEO.

Production will shift to other plants in the region.

Operations at Clarion will end Oct. 17. The closing will affect 98 production and 16 office and supervisory personnel. In addition to the existing severance programs, Sealy will make counseling services available.

In a filing with the Securities and Exchange Commission, the company said it expects to take pretax restructuring and asset impairment charges of $2.4 million to $3.6 million in connection with the move.

RSS
Reprints/License
Print
Email

Share this on
Facebook
LinkedIn
Twitter

Resource Center

Featured Company


Related Resources

Advertisement

Related Microsite Content

Related Links

  • No Related Content Available

More Content
  • Blogs
  • Photos

Sorry, no blogs are active for this topic.

» VIEW ALL BLOGS RSS

Atlanta International Gift & Home Furnishings Market

Here is a selection of products shown at this month's International Gift & Home Furnishings Market here.

Networking at the 13th annual F/T Leadership Conference

NAPLES, Fla. β€” Industry executives and guests took the opportunity to network and play golf during down time at Furniture/Today's 13th annual Leadership Conference here this month.
VIEW ALL GALLERIES

Vegas Marketing Module
Casual Living Conference
eNewsletters
eletter_callout_box_FT2
About Us   |   Advertise   |   Site Map   |   Contact Us   |   Subscription   |   Affiliate Links   |   RSS
© 2012 Sandow Media LLC.All rights reserved.
Use of this website is subject to its Terms of Use | Privacy Policy