SEALY CORP: Has $200T Accrued at Aug. 31 for Conn. Inactive Unit

Sealy Corporation, at Aug. 31, 2008, recorded a reserve of about US$200,000 associated with the additional work and ongoing monitoring at an inactive facility located in Oakville, Connecticut.

Although the Company is conducting remediation at the site voluntarily, it obtained Connecticut…

SEALY CORP: Groundwater Monitoring at Calif. Facility Ongoing

Sealy Corporation continues to monitor the groundwater of its South Gate facility in California.

Since August 1998, the Company has been working with the California Regional Water Quality Control Board, Los Angeles Region to monitor groundwater at the site.

In March 1994,…

SEALY CORP: Records $2.7M Reserve for Remediation at N.J. Unit

Sealy Corporation, as of Aug. 31, 2008, recorded a US$2.7 million (US$3.6 million prior to discounting at 4.75%) environmental reserve to the ongoing cleanup at a formerly owned facility in South Brunswick, N.J. under the New Jersey Industrial Site Recovery…