Hollander Sleep Products

Hollander Sleep Products, a leading North American mattress and pillow manufacturer, obtained Canadian recognition of its US Chapter 11 proceedings on May 23. Based in Boca Raton, Florida, Hollander has 13 manufacturing facilities in the US and Canada and 2,370 employees across North America. It produces bedding products for well known license brands including Ralph Lauren, Simmons, Beautyrest, Nautica and Calvin Klein, in addition to manufacturing products under its own brands. Despite a healthy and growing sleep industry, the company cites several factors for its recent financial struggles, including a dramatic increase in the price of materials such as fiber, down and feathers and integration costs associated with the acquisition of a major competitor in June 2017. In Canada, the company maintains manufacturing facilities in Montreal, Quebec and in Toronto, Ontario, where it also has a sales office. KSV was appointed Information Officer. Canadian counsel is Osler for the applicant, Norton Rose for the Information Officer, Goodmans for the ABL lenders and Blakes for the term loan lenders.