May 23, 2022

Dare Quill

The Real Estate Maniacs

Diamond Mattress acquires deal bedding, upholstery manufacturer

2 min read

The Diamond Mattress group do the job to established up the new Texas functions adhering to the acquisition of Apartment Furnishings Co. Spencer Edwards, left, substance supervisor Fidel Huete, general manager, Texas division Martin Romero, vice president of producing and Shaun Pennington, president.

RANCHO  DOMINGUEZ, Calif. — The hottest Diamond Mattress acquisition presents the West Coastline mattress provider an instant entrée into the upholstery group.

In its next acquisition in as quite a few many years, Diamond Mattress has acquired Fort Worth, Texas-based deal bedding and upholstery producer Condominium Furnishings Co. Because 2019 when it obtained Royal Sleep, also a Texas organization, Diamond Mattress has invested a lot more than $15 million to execute its progress system.

Gary Road, Condominium Furnishings’ next-technology proprietor, will stay with the corporation as director of deal income. Ryan Street and Nicole Avenue will proceed to assistance the company’s agreement accounts.

“With AFC, we are after again merging a spouse and children-owned and -operated business enterprise with quite shopper-centric values that align very well with the Diamond Mattress spouse and children and tradition,” reported Shaun Pennington, president of Diamond Mattress. “We believe these are winning substances, and we’re pleased to have the Road family keep on in the business enterprise and lend their skills to mature it.”

Apartment Furnishings’ forte has been in hospitality bedding and upholstery. Pennington explained he sees the opportunity to broaden into residential upholstery.

Although he mentioned the addition won’t be rapid, he points to synergies that would profit the business enterprise and the company’s retail companions.

“Diamond has always been hyper-focused on conference the requirements of our clients, and our expansions are a immediate final result of their development and success,” Pennington stated. “A prime precedence is to offer a smooth transition for buyers of AFC, Royal Slumber and Diamond as we function towards elevated potential for just about every item line as promptly as we can.”

Around the subsequent couple of months, the organization will be merging manufacturing into a 200,000-square-foot facility.

“In a fairly brief time, we correctly integrated different mattress and upholstery generation programs and products,” said Martin Romero, vice president of manufacturing for Diamond Mattress. “It’s been a full group hard work from Gary walking us through information of the contract aspect to Shaun handling all the teaching on the manufacturing facility flooring.”

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