词条 | Spring Air Company |
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Merger with Consolidated BeddingIn 2007 The Spring Air Company merged with Consolidated Bedding, Inc. of Tampa, FL, Spring Air's largest licensee and simultaneously acquired six other Spring Air licensees operating eight mattress manufacturing facilities in the United States. The unified Company will employ 1,150 employees in 14 locations,including its headquarters facility that will remain in the Chicago area. The merger will solidify Spring Air's position as the leading value "S" brand on every retail floor. The acquired manufacturing facilities are in: Atlanta, GA; Birmingham, AL; Chelsea, MA (Boston); Denver, CO; Phoenix, AZ; St. Louis, MO; Salt Lake City, UT; and Lacey, WA (Seattle). They will join Consolidated Bedding’s existing facilities in: Columbus, OH; Carrollton, TX (Dallas); City of Industry, CA (Los Angeles); New Brunswick, NJ; and Tampa, FL. H.I.G. Capital LLC, a leading global private equity investment firm with more than $4 billion of equity capital under management, provided the equity funding for the transaction. H.I.G. began a relationship with Spring Air in 2005 when it funded the merger of American Bedding Industries and Spring Air Partners, the two largest Spring Air licensees. In May 2009 the company that owned the Spring Air name - Consolidated Bedding - went bankrupt. The Spring Air Name was then purchased by E&E Bedding and turned into Spring Air International.[2] Spring Air InternationalIn May 2009 Spring Air abruptly ceased operations and in June emerged under new ownership and management as SAI (Spring Air International). Spring Air was repurchased by one of its original owners Edward Bates, bringing Spring Air back to being a family-owned company and putting thousands of employees back to work. Today Spring Air has expanded its presence around the world adding over 15 new facilities globally. The Spring Air brand is now manufactured at 13 U.S. facilities and 22 international licensees that operate in 32 countries.[3] U.S. Licensees
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References1. ^{{cite web |url=http://www.springair.com/dealer-and-factories/spring-air-factories/ |title=Spring Air Factories |publisher=Spring Air |accessdate=July 10, 2017}} {{Mattresses}}2. ^"Spring Air International Relaunching." BedTimes Magazine. July 2009. Retrieved 2011-9-20. 3. ^"Spring Air Adds 6 U.S. Licensees." BedTimes Magazine. September 2009. Retrieved 2011-9-20. 7 : Elk Grove Village, Illinois|Manufacturing companies established in 1926|Privately held companies based in Illinois|Franchises|Cooperatives in the United States|1926 establishments in Illinois|Mattress retailers of the United States |
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