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From Home Furnishing Business
Corsicana, Englander Renew Partnership Following Corsicana Bankruptcy Sale
September 12,
2022 by HFBusiness Staff in Business Strategy, Industry
Corsicana Mattress, which has been operating under Chapter 11 bankruptcy protection since June, announced it would continue its partnership with Englander following Corsicana’s recent court-approved sale to creditor Blue Torch.
Under terms of the partnership, Corsicana will continue to produce and promote the Englander brand, which it acquired in April 2021 with its purchase of Symbol Mattress, a former part-owner of Englander.
“Englander is a strong national brand that is very important to us. It has a long history of innovation, quality products and customer loyalty that are all highly valued in our industry. Our customers want to sell brands they know and trust. Going forward, Englander will be a prominent part of our portfolio,” said Eric Rhea, Corsicana CEO.
Late last month, the U.S. Bankruptcy Court for the Northern District of Texas approved the sale of Corsicana to Blue Torch.
Corsicana officials said Blue Torch is committed to building the business and said the restructuring will allow Corsicana to focus on its core customers while maximizing the strength of the Englander brand.
“Through the restructuring process, it became clear that Corsicana and its leadership team are focused on building and expanding the Englander brand,” said Mark Kinsley, Englander president and CEO. “Our national footprint, extensive product offerings, and robust marketing support uniquely position our group to serve retailers seeking better products with bigger margins. We are proud to renew our partnership with Corsicana as the company reorganizes and prepares for growth."
Englander is a 128-year-old manufacturer of mattresses. It was the first in the industry to produce latex “airfoam” mattresses when it partnered with Goodyear in the 1950s. The company has 11 factories across the U.S.