West Long Branch, New Jersey -- Polyurethane foam group Sleep Innovations Inc. is to be acquired by private investment firm Sun Capital Partners Inc.
The foamer makes memory foam products, including pillows, mattress toppers, mattresses, mattress protectors as well as products for home travel & pet comfort.
Michael Thompson, president and ceo of Sleep Innovations said in a statement: "Given its wide range of portfolio companies, financial strength and operating expertise, Sun Capital offers Sleep Innovations the breadth of financial and operating capabilities to support the future growth of the company."
Founded in 1996, Sleep Innovations manufactures and markets its memory foam products to leading US retailers. It also has an Advanced Urethane Technologies division, which produces polyurethane foam-based fabricated components and bulk materials sold to original equipment manufacturers (OEM) serving the bedding, furniture, automotive, marine, medical and packaging markets.
Sleep Innovations claims its continued growth comes from designing innovative products for use in the home -- and also says it "pioneered the development of gel-infused memory foam."
It says it has state-of-the-art foam pouring and fabricating facilities located throughout the country.
"Sun Capital has deep experience in the bedding market, most notably with bedding product retailer Mattress Firm, which was successfully exited in 2007 at an attractive return," said Marc Leder, co-chief executive officer at Sun Capital. "Sleep Innovations will benefit from our extensive experience in the bedding and retail industries as the Company looks to continue on a growth path."