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 We are
extremely appreciative of the contributions Terry has made to
Simmons' North American presence and we wish him the best that
retirement has to offer.
Charlie Eitel, Chairman and CEO of Simmons Company
US based Simmons Bedding Company
completed its previously announced $136.8 million acquisition of
Simmons Canada Inc. today from SCI Income Trust.
The transaction was approved by Simmons Canada shareholders at a
special meeting November 14, 2006.
Simmons Company also announced that Simmons Canada's President
and Chief Executive Officer, Terry Pace, is retiring effective
today. Mr. Pace is leaving Simmons Canada after more than twenty
years of service.
"We are extremely appreciative of the contributions Terry has
made to Simmons' North American presence and we wish him the
best that retirement has to offer," said Charlie Eitel, Chairman
and Chief Executive Officer of Simmons Company.
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