BUSINESS
April 19, 1988 | GEORGE WHITE, Times Staff Writer
Ortho Mattress, the mattress maker owned by three brothers since its founding in Southern California in 1961, has been sold to an investment group for an undisclosed price. The investment group completed the transaction Thursday, said Arthur Goldman, a former vice president at Robinson's Department Stores, who heads the investment group and is Ortho's new president.
BUSINESS
November 3, 2007 | From Bloomberg News
Gallery Corp., owner of 52 mattress and bedding stores in Southern California, has filed for bankruptcy protection. The Los Angeles-based company listed debts of $20 million and assets of $15 million in a Chapter 11 filing Thursday in U.S. Bankruptcy Court in Wilmington, Del. Gallery, the operator of Mattress Gallery stores, blamed the filing on a decline in the housing market and increases in wholesale prices by manufacturers. Gallery received a commitment from Ortho Mattress Inc.
BUSINESS
December 30, 1992 | From Times Staff and Wire Reports
Gardena-based Ortho Mattress Inc. has emerged from Chapter 11 bankruptcy reorganization. The company said it has consolidated its manufacturing and warehouse operations and adopted more efficient management procedures. . . . Marriott Corp. said it may revise the terms of its proposed spinoff of its real estate business to mollify bondholders suing the company over the transaction. . . . Oregon Steel Mills Inc. said it signed a letter of intent with Nucor Corp.
NEWS
July 28, 1994 | ERIN J. AUBRY
In an effort to make life a little easier for the area's homeless population, a Gardena-based mattress manufacturer is donating up to 200 mattress sets to shelters and social service agencies throughout the city. Ortho Mattress Inc. teamed up with Shelter Partnership, a homeless aid organization, to allocate more than $60,000 worth of new beds to needy facilities. The first 50 mattresses went to the House of Mercy, a transitional housing center slated to open in Bell next month.
CALIFORNIA | LOCAL
December 17, 1988 | PENELOPE McMILLAN, Times Staff Writer
When 16 mattresses were dropped off at the Upper Central Friendship House near downtown Los Angeles late last week, it meant that the newly expanded shelter for families with children could open sooner, director Mary Thompson said, "before the bad rains."
BUSINESS
February 2, 1992 | CHRIS WOODYARD, TIMES STAFF WRITER
One way to judge how well Krause's Sofa Factory is doing these days is to look at the employees' bright blue T-shirts. The shirts are emblazoned with the company's all-time weeklong sales record--$3.5 million--which surpassed the old record by $400,000. The figure itself is not as significant as when it was set: the first week of 1992. The week is usually pretty good in the furniture industry because many consumers delay making furniture purchases until after Christmas.