Search Twitter Facebook Digital HFBusiness Magazine Pinterest Google

Get the latest industry scoop


Daily News

From Home Furnishing Business

Latex Foam International Files Chapter 11

Latex Foam International Holdings has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Connecticut.

Latex Foam lists its liabilities at about $29 million and its assets at $26 million. A court date has been set for Wednesday during which initial motions, including debtor-in-possession financing arrangements, are expected to be approved.

The company, which owns Latex International and bedding supplier Pure LatexBliss, said the filing will allow it to restructure its business to better service customers, work with vendors and provide for its employees. 

“This move is an opportunity to solidify Latex International’s position as the leading manufacturer in the category," said David Fisher, president and CEO. "The restructuring along with a new infusion of capital will strengthen our current business and position the company for dynamic future growth."

The company said there will be no disruption of service to its customers, and it aims to exit the Chapter 11 process expeditiously.

The Shelton, Conn.-based company employs about 176 people in Connecticut.

Comments are closed.
HFB Designer Weekly
HFB Designer Weekly
HFB Pinterest