Sleep Retailer
  • News
    • Industry
    • Sleep Shopper
    • Mattress
    • Accessories
    • Marketing
    • Materials
  • Magazine
    • Current Issue
    • Archive
  • Newsletters
    • eNews
    • Snooze News
  • Shop
  • Subscribe
  • About
  • Search
  • Menu Menu
Industry

Talalay Global Sells All Assets To Artilat

Latex Foam International d/b/a Talalay Global recently sold substantially all of its assets to Artilat NV. The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the District of Connecticut. The transaction closed in July 2020. SSG Capital Advisors, LLC (“SSG”) acted as the investment banker to Talalay Global in this transaction.

Headquartered in Shelton, Connecticut, Talalay Global is the largest producer of Talalay latex in the world and the only manufacturer in North America. The company is known for producing latex sleep products across the globe and manufactures finished and semi-finished goods including mattresses, mattress components, mattress toppers, pillows, and more to provide a comprehensive sleep products portfolio.

After emerging from bankruptcy in 2015 under a plan of reorganization, Talalay Global focused on increasing the sales of its core sleep products portfolio and lowering its overall cost structure. The company initiated several strategic initiatives beginning in 2017, including hiring a new CEO, appointing three independent directors to its board, refocusing on the emerging pillows segment and executing a thorough review of its operating process to drive a more efficient operating structure. However, the introduction of “bed-in-a-box” sleep products and the disintermediation of traditional retailers, combined with rising material costs, negatively impacted the sales and profitability of the company resulting in a second Chapter 11 filing in August 2019.

SSG was retained by Talalay Global in November 2019 to conduct a comprehensive marketing process and solicit offers for the company. The process attracted significant interest from several domestic and international strategic and financial parties. COVID-19 hit during the middle of the sale process, causing the Company to shut down until June 2020. Despite the shutdown, the sale process was accelerated and SSG was able to source and secure a stalking horse offer from a financial buyer. Several qualified overbids were received, resulting in a robust auction in June 2020 with multiple rounds of bidding. Artilat’s highest auction bid ultimately provided the best outcome and maximized value for all stakeholders. SSG’s industry knowledge and expertise running special situations sale processes enabled the transaction to be consummated on a going-concern basis and preserved hundreds of jobs.

For more than 60 years, Artilat has held a leading position as a European manufacturer of a latex foam products for the global home bedding market. Artilat has sales offices across the globe including Belgium, Czech Republic, Canada, Spain, Portugal, Italy, Greece, China, Korea, Japan, Australia and the United States.

Visit talalayglobal.com and artilat.com 

July 30, 2020/Industry
Tags: Talalay Global
Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
  • Share by Mail
https://sleepretailer.com/wp-content/uploads/2018/08/agreement-background-blur-928199-e1534254720729.jpg 530 800 sleep /wp-content/uploads/2021/09/Sleep-Retailer-Logo.jpg sleep2020-07-30 10:00:202020-07-30 11:53:43Talalay Global Sells All Assets To Artilat
You might also like
Talalay Global Develops New Latex Product
Talalay Global Promotes Industry Vet to Lead Component Sales
New Hire/ Business Growth Industry Vet Promoted to Executive Vice President of Pure Talalay Bliss

FOLLOW US

  • Facebook
  • Twitter
  • LinkedIn
  • Instagram

Sleep Retailer is published quarterly by Blue House Sales Group, LLC and is mailed to more than 16,800 mattress and home furnishings retailers nationwide.

The views expressed by the editorial staff of this publication are their own, and do not necessarily represent the views of the advertisers or their agents. Sleep Retailer is an independent trade publication. Sleep Retailer neither takes sides nor declares a preference for any one manufacturer, supplier, technology, process or solution. Instead, we try to provide neutral information concerning mattresses and related products. Advertising space is available. Press releases or information about your company should be submitted to our editorial team for inclusion as space allows: Sleep Retailer c/o Blue House Sales Group, LLC based at WeWork, 1835 7th St. NW, #210, Washington, DC 20001.

Sleep Retailer is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.

Sleep Retailer © 2022. All rights reserved.

Malouf Launches 3D Virtual Showroom TourMalouf Releases Weekender Sherpa Blanket Promo
Scroll to top