Statement from Darren Potterton, MD, GNG Group:
GNG Group would like to announce that we have recently completed a deal with the Foam Company, after it was placed into administration on 28th February of this year.
We are acquiring all assets such as plant and machinery and intellectual property from this long established family-owned business, which has enjoyed much success over its 30-year history and, until recently, was the manufacturing partner of the Mammoth mattress brand. We can confirm that the assets will be integrated into our existing operations and current expansion plans. We also consider the company’s Sleepshaper and luxury Sonlevo mattress brands to be a good fit with our product ranges, offering great potential for future development.
The Foam Company machinery will be relocated from Abingdon (Oxfordshire) to our new manufacturing facilities in West Yorkshire, where we are expanding our Mattress Division to increase production by up to 300%. With this increase we hope to reach out and try to work with some of The Foam Company team in the future. Needless to say, these are exciting times for the GNG Group as we continue to build our business opportunities here in the UK and also within our growing export markets.