Latex International Comments on Sentencing of Former Employee

Latex International President and Chief Executive Officer Dave Fisher issued the following statement after the sentencing of the company’s former head of human resources, Joanne Osmolik. In December, Osmolik pleaded guilty to stealing more than $1.75 million from the company.

“Osmolik and her co-conspirator recklessly pillaged Latex International purely for their own benefit, while having no regard for the employees, customers and shareholders of our company who suffered as a result of their actions. It has taken the new management team several years to pull itself out of the painful financial morass that these criminals caused our company. We are pleased they have finally been brought to justice,” said Fisher.

“I am very grateful for the diligent efforts of the U.S. Attorney, Federal Bureau of Investigation and the Internal Revenue Service for all their assistance throughout this process,” he added.

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Founded in 1975, Latex International is the world’s largest manufacturer of latex mattresses and pillows, sold under many leading brand names through strategic business partners. Latex sleep products provide a unique feel of comfort and support by gently conforming to body contours, which provide a naturally resilient and healthy sleep environment. More than 200 employees produce mattress cores, toppers and pillow buns utilizing both the Talalay molding and Dunlop continuous flow process from manufacturing and fabrication centers in Shelton, CT and Wichita Falls, TX.