July 20, 2010
Mattress King's remaining assets, including its name, will be sold to Maryland-based Mattress Discounters. U.S. Bankruptcy Judge Douglas O. Tice approved the $190,000 deal on Monday.
Mattress Discounters will assume leases on two Mattress King stores, inventory, assets and intellectual property.
Henrico County-based Mattress King at one time operated 25 locations in Virginia. The company filed for Chapter 11 bankruptcy in February 2009 and closed its three remaining locations last week.
Jessup, Md.-based Mattress Discounters operates 77 locations in Maryland, Virginia, Delaware, Washington, D.C., and Alabama.