International Bedding Hires Strategy Experts

December 2, 2007  by in UnCategorized   

By Home Furnishings Business in Bedding on December 2007 International Bedding, the industry’s eighth largest manufacturer, announced Friday that it has hired Mesirow Financial Consulting to assist management and the board of directors in developing the company’s strategic direction.

Mesirow is a full-service financial advisory consulting provider with a wide range of services that include corporate recovery, interim management, valuation services and performance improvement.

A day prior to announcing the hiring of Mesirow, Fort Lauderdale-based International Bedding said it had added three members to its board of directors, including Thomas Allison, senior managing director of Mesirow Financial Interim Management, who was elected chairman of International Bedding’s board.

Other new additions to the company’s board include Robert Lackey, the former general counsel of Comdisco Holding Company, and Jeffery Maillet, founder of Nobel Asset Management. The two board members are also investors in the company, according to an announcement.

International Bedding CEO Tony Smith said of the board appointments, “This is a very positive event for the over 500 International Bedding employees, our retail partners and our suppliers who all have been very supportive during the past several months. The senior management team and I are pleased to have the opportunity to work with such an outstanding board of directors.”