
Purple Innovation Consolidates Mattress Production, Closes Two Utah Facilities
Key Highlights:
- Purple Innovation to consolidate mattress production into its McDonough, Georgia facility.
- Closure of Salt Lake City and Grantsville, Utah facilities by Q1 2025.
- Expected annual EBITDA benefit of $15 to $20 million starting in 2025.
- $35 to $45 million in restructuring costs projected, with $26 to $32 million non-cash.
Source (PR Newswire)
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