On September 13, 2019, an affiliate of Centre Lane Partners, LLC (“Centre Lane Partners”) completed the acquisition of certain assets of Hollander Sleep Products, LLC (“Hollander”) and its affiliates, which were undergoing Chapter 11 protection under the U.S. bankruptcy code, and equivalent process under the Companies' Creditors Arrangement Act in Canada.
A leading designer, manufacturer, and marketer of pillows, comforters, cushions, mattress pads, and other basic bedding products in North America, Hollander and its affiliates filed for Chapter 11 protection under the U.S. bankruptcy code in May 2019. With this transaction and recapitalization, the new company is well-positioned as a strong platform with leading market positions and an outstanding customer base. It plans to leverage its quality and innovation to continue to build upon its strong reputation as a dependable supplier and leader in the space.
Fasken advised Centre Lane Partners as Canadian Counsel in connection with this transaction with a team comprised of Stuart Brotman and Jack Yu.
Jurisdiction
- Ontario
