Elite Foam Expansion Announced in Coweta County
Elite Foam, a Newnan‐based manufacturer of specialty flexible polyurethane foam used in the bedding industry, will expand its existing operations in Coweta County. As part of the project, the company purchased the former Insteel building on Herring Road and plans to add new equipment at the new location and at its existing facility on Sprayberry Road in Newnan. Beginning in early 2016, the company plans to hire up to 150 new employees with a total project investment of $2.5 million.
Pete Wallace, president and CEO of Elite Foam, said, “On behalf of the entire team at Elite Foam, we are very excited about our expansion in Coweta County. We are fortunate to have great customers who value the products we make, and we appreciate their continued support through the years. Elite Foam is a recognized leader in the industry, and this expansion will help us provide more innovative products to our customers.”
Terry Daviston, chairman of the Coweta County Development Authority, said, “Coweta County is a great place to do business, and the success of our existing industries is one of the key reasons. Our development authority focuses a great deal of attention on meeting the needs of our existing industries because they are a driving force behind new job creation in our community. We appreciate all that Elite Foam has done to help Newnan and Coweta County, and we wish them continued success as they grow and prosper.”
“Elite Foam, Inc. is a top‐supplier for cutting‐edge, temperature‐controlled mattress toppers and pillows in the United States,” said Georgia Department of Economic Development Commissioner Chris Carr. “We are excited that they have chosen to expand existing operations in Coweta County to meet growing demands of this industry.”
The project team that assisted Elite Foam included Greg Wright with the Coweta County Development Authority, E. Jane Caraway with the Georgia Department of Economic Development, and Odessa Archibald with Georgia Power Company.
Wallace thanked the team for their assistance. “Every time we needed help, they were there for us,” he said.