NORFOLK, Va. --U. S. Mattress Co.
Roger Magowitz, president of Mattressdisc, owns a bedding manufacturer that has been sold to international bedding companies.
Fort Lauderdale is located in Florida.
To reduce the cost of Magowitz retail stores.
Terms not disclosed.
The IBC will take over manufacturing in the United States. S.
Mattress Factory in Va Petersburg.
Six years ago, Magowitz opened the factory to provide private label bedding for his mattress discount store retail store, a professional mattress chain with 15 outlets in Tidewater, Va.
An auction scheduled for December.
31, to find more costs-
An effective way to offer a mattress discount store and have Magowitz focus on the retail business.
In addition to having a mattress discount store, Magowitz also has 15-
A retail chain in Phoenix, arritz.
\"It\'s a huge opportunity for us to stay away from manufacturing and focus entirely on the retail business, especially since we\'re looking for opportunities in other retail markets and bedding markets,\" Magowitz.
Magowitz went on to say that Leon Ellman, president of IBC, was able to offer a discount on the price of the mattress to make a bigger profit.
Ellman said, \"We are a high-volume factory with high manufacturing efficiency, which makes it almost impossible for a small factory like the United States. S.
Mattress competition. \"U. S.
According to Magowitz, the mattress discount store provided by the mattress accounts for 30-40% of its products, and IBC is expected to provide the same proportion of products for the chain.
The IBCfor mattress discount store is designing a new range of bedding that will be sold at the store on February. 1.
The Metropolitan mattress store in Phoenix will launch a new product soon.
Other products offer BackCare and Beautyrest andmetropole mattress discount shop by Simmons mattress.