Mattress manufacturer shuts down operations
A Denver-based mattress manufacturer is now closing its doors, after doing business for almost four decades.
Tags: bedding, bedding products, foam mattress, foam mattresses, furniture, mattress manufacturer, news, sleep, sleep productsUnited Sleep Products of Denver has shut the doors of its 89,000-square-foot building at 412 Oak St., where it began in 1970 as Kinder Furniture & Bedding. As many as 160 employees have worked at the factory in recent years.
The company also reportedly has closed its factory in Fort Wayne, Ind.
United Sleep produced bedding products such as futons and coil, no-flip and memory-foam mattresses. The Denver plant produced about 2,000 pieces of bedding daily.
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Although the first quarter isn’t quite over, sales thus far have been less than stellar due to a downturn in consumer spending. The company now expects high single-digit percentage decrease in sales for the quarter as compared to the year prior. Tempur-Pedic also expects its earnings per share price for the quarter to be about half that of the same quarter of 2007, which came in at 35 cents per share. Analysts polled by Thomson Financial had expected 44 cents per share. The company will announce its first-quarter results in April.
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