Article: New owners choose CEO for battered Allentown, Pa., slipcover maker Sure Fit.

By Jeanne Bonner, The Morning Call, Allentown, Pa. Knight Ridder/Tribune Business News

Aug. 12--The new owners of Sure Fit plan to keep the company's Lehigh Valley operations intact.

D.E. Shaw, a New York finance company that jointly bought Sure Fit's assets with J.R. United of Miami, released a statement Wednesday saying it will keep the slipcover maker's warehouse and call center in the Lehigh Valley and its sales and marketing offices in New York. Shaw also said Salo P. Grosfeld, president of J.R. United, will take over as chief executive officer of Sure Fit.

D.E. Shaw will proceed with a previously announced plan to close Sure Fit's ...

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