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From Home Furnishing Business
Corsicana Mattress to Close Mississippi Plant as Part of Chapter 11 Restructuring
August 30,
2022 by HFBusiness Staff in Business Strategy, Industry 
Corsicana Mattress, which has been operating under Chapter 11 bankruptcy protection since June, will close its factory in Olive Branch, Miss., in October as part of its restructuring effort.
It will be the mattress producer’s third factory closing this year. The company said production from the Olive Branch facility will be shifted to Corsicana factories in Corsicana, Texas, Shelbyville, Tenn., and Bartow, Fla.
“This realignment is necessary to continue transforming our manufacturing footprint to become more agile and operationally effective. We are investing heavily in our Corsicana, Shelbyville and Bartow facilities and have the capacity and ability to effectively service our customers in the Southern region,” said Corsicana Mattress CEO Eric Rhea. “We greatly appreciate the support from the local community and employees as we make this transition.”
He said 52 production employees will lose their jobs once the closure is complete.
The 370,000-square-foot Olive Branch plant became part of Corsicana in April 2021 when the company acquired Symbol Mattress.
“Streamlining our business is necessary to continue as the industry’s value-priced bedding leader and part of our plan as we near our emergence from the Chapter 11 restructuring process,” Rhea added.
Earlier this year, Corsicana shuttered a Symbol factory in Richmond, Va., and a boxed bedding plant in LaPorte, Ind.