DOWNSTATE INVESTOR TO PURCHASE TROY MATTRESS

JAMES DENN Business writer
Section: BUSINESS,  Page: B8

Date: Wednesday, September 13, 1995

ALBANY Troy Mattress Co., one of the region's last mattress makers, is being sold to a downstate investor, Troy Mattress vice president Harry Falk said Tuesday.


The sale of the family-owned Troy Mattress is expected to be completed in about a week, said Falk. The prospective buyer is Justin Resnick, owner of Resnick Mattress Outlets of Newburgh, Orange County. ``We are still working with the lawyers,'' said Falk. ``It hasn't been fully completed.''


In addition to its manufacturing plant in Albany, Troy Mattress operates retail stores in Colonie, Clifton Park, Schenectady and Troy. At last report, the company employed more than 50 people. Annual sales for Troy Mattress run into the millions of dollars.


The purchase of Troy Mattress' local operations seems like a natural fit for Resnick. It will give his growing business a toehold in upstate New York. Resnick operates mattress retail stores in Newburgh, Kingston, Middletown and Poughkeepsie. Unlike Troy Mattress, Resnick does not make his own bedding. Pat Murphy, manager of the Newburgh store, said the company's mattresses are made by United Sleep in Pennsylvannia.


Murphy did not know what impact the sale will have on Troy Mattress employees. He said he did not know whether Resnick would continue to operate the Albany manufacturing operation.


In previous years, Troy Mattress produced about 35,000 bedding pieces a year.


Troy Mattress got its start about 60 years ago on River Street in Troy. Nearly 20 years ago, the Falks moved their headquarters to the current Broadway location, once a 50,000-square-foot manufacturing plant for Bond bread.


At one time there were about a dozen family-owned mattress makers in the Capital Region. The number has dwindled, the result of national competition and consolidation.


Troy Mattress makes a wide range of beds, including rollaways, foam mattresses and adjustable electric beds. The company's chairman is Stanley Falk.