Simmons picked the local site after it was outbid on a 205,729-sf lease at its Jacksonville, FL plant where it has operated for 50 years. The new plant, about 200 miles southeast of Downtown Atlanta, is expected to open in May 2004.
Plans for the local operation come as speculation continues that Simmons' majority owner, Fenway Partners Inc. of New York, may sell the mattress company. Fenway bought Simmons in 1998 for $500 million, according to area retail consultants.
Simmons posted 2002 sales of $670 million and net income of $24 million. The company has 3,000 workers and licensing contracts in 92 countries.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
