60 jobs saved as bedding firm sold to Chinese investor
The mattress and bedding division of Breasley Pillows (trading as Breasley, Breasley Foam, Salus and Uno) has been bought as part of a pre-pack deal by Breasley (UK) Limited, saving 60 jobs.
As we reported on Tuesday and yesterday morning, Benjamin Wiles and Philip Dakin, both of Duff & Phelps, were appointed Joint Administrators of Breasley Pillows on 1 May 2020.
The buyer, based in China, has a broad portfolio of investments in property, service and soft furnishing industries.
Launched in 1977 and based in the East Midlands, Breasley was one of the first in Britain to launch a range of vacuum-packed mattresses and remains one of the UK’s leading producers of rolled and boxed mattresses. Alongside the successful Uno range, the company also makes its premium non-vacuum packed Salus brand, which was launched in 2009.
Wiles said: “We are thrilled that we have been able to secure the future of the mattress and bedding division of Breasley, saving 60 jobs in the process. This was especially important to us in the current climate.”
The foam conversion division of Breasley remains in the control of the administrators and a sale of this is also being pursued as a going concern.