Copel Mattresses comes with filing for reorganization

The manufacturer and dealer Copel entered on Tuesday (30) with filing for reorganization to reorganization of debts of about $40 million, reported the company R. The request was made so that the company can get out of a crisis starting in 2014 "with the least possible number of layoffs, and that its more than 46 stores may remain active until the work of reorganization of the business is done" said Kleber Bissolatti, lawyer and spokesman for the network, in a statement to the press. Founded in 1965, Copel claims to be a pioneer in the sale and manufacture of foam mattresses in Brazil. The company has annual sales of more than R $100 million and approximately 320 employees. "We have reached a point where even having a positive Ebitda, we couldn't get out of the crisis that began five years ago. Our market had a pullback of more than 10% between 2014 and 2015. In 2017, still suffer with high of 25% in the price of the TDI, "said Bissolatti, referring to the main raw material for the production of foams. The company's expectation that the mattress market in Brazil move over R $10 billion this year and hired the consulting firm Ejafac to assist you in the recovery plan.