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SC based Park Place keeps Lancaster, PA plant open – for now

by thiryj

South Carolina mattress manufacturer Park Place Corp. is keeping its Lancaster County factory open while it finds a buyer for the plant, President James B. Orders III said today.

Park Place said in January the factory at 412 Oak St. in Denver could close in March if it hadn’t found a buyer. The factory employs 50 people.

In the past two months, buyers expressed significant interest in the Denver business — Park Place LLC — as a whole, as well as the facilities separately, Orders said. He declined to say whether the company had finalized a deal.

“Our goal is, of course, to sell the company as an entity,” he said.

Park Place has an agreement to make mattresses with Illinois-based Comfort Solutions for sale in the southeastern U.S. Due to the territory change, the company is reconfiguring its manufacturing footprint.

via Central Penn Business Journal.