Fort Smith, Arkansas — Foam manufacturer Elite Comfort Solutions is set to invest $3m to upgrade the Fort Smith plant it acquired from Hickory Springs Manufacturing earlier this year.
The plan is to add 100 new jobs over three years.
Currently the plant employs 85 and materials manufactured by Elite Comfort Solutions are used in bedding and other home furnishings.
Elite Comfort Solutions is owned by Arsenal Capital Partners, a private equity firm based in New York. Arsenal Capital Partners bought a majority stake in Elite Foam Inc. in March and, as part of that agreement, purchased production assets of Hickory Springs Manufacturing, a North Carolina-based company.
Hickory Springs Foam, now Elite Comfort Solutions, operates in Mississippi, California and Georgia, in addition to Arkansas and North Carolina.