Maine Street Living Acquired
NEW YORK-Maine Street Holdings Corp. has acquired Maine Street Living, a manufacturer of mattresses and home textiles.
Maine Street Holdings, which was formed recently to complete this acquisition, is led by Chris Phillips, chief operating officer, and Charles Odom, CEO. Gary Garrison, president of Maine Street Living, and Alison Garrison, Maine Street Living's senior vice president, remain in their current posts.
Maine Street Living markets memory-foam products, including mattresses, pillows and accessories, under its EnviroTech brand. The company also offers licensed products including a collection of youth bedding and bath, infant wear, luggage, wall art and T-shirts branded under The World of Ed Heck, using designs from the pop-culture artist and children's book author.
Phillips said Maine Street Living is planning to introduce new EnviroTech mattresses in the fourth quarter of this year, targeted at mass retail chains and electronic retailers. These will combine EnviroTech memory foam with air and pocketed-spring engineering.
Regarding textiles, Garrison said Maine Street Living will focus on promoting its brands "through more extensive marketing campaigns and the development of our experienced national sales team."