Restonic extends pact with Peps
U. S-
Restonic Corporation, a mattress-based company, has established a 25-
Reached an annual agreement with the Peps industry in Coimbatore.
Peps is a partner in the production and sale of Restonic products in India.
Martin passpassaglia, president and chief executive of Restonic, told reporters on Monday that the company has 13 license holders in the United States. S.
There are 15 in other countries.
The $100 million company owns three main mattress lines.
Comfortable care, inner spring and healthy rest.
It has been in India for the past 16 years.
\"India is one of the fastest growing markets for Restonic,\" he said . \"According to K.
Peps Industries general manager Madhavan owns manufacturing plants in three locations in India
In Pune and Delhi.
They do 10,000 pieces together a month.
Another factory will be opened in central China this year.
Although Peps has made Restonic spring mattresses for the Indian market, it will now soon expand to comfort care and healthy rest.
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