Wheeler appeals to private equity firm to keep Portland Sealy plant open

Portland Business Journal:

Oregon Treasurer Ted Wheeler last week sent a letter to the private equity firm that owns Sealy Inc. asking it to reconsider plans to relocate the company's North Portland mattress manufacturing plant to Washington.

Sealy in November said it would shift operations from Portland to Lacey, Wash., saying the local plant's costs weren't competitive with other plants it owns. The move is expected to impact 128 mostly union jobs.

Kohlberg Kravis Roberts & Co. (KKR) — one of the world's biggest private…

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