Palmetto Pedic, a mattress manufacturing company, plans to establish a production center in Gaffney, South Carolina. The $8.5 million investment is expected to create more than 60 new jobs in Cherokee County.

Founded in 2018 as a joint venture between industry veterans from the U.S. and China, Palmetto Pedic will be a fully-vertical manufacturer of memory foam, hybrid foam and coil mattresses, along with bed pillows and mattress toppers. The company’s new operations will service an increased demand in the mattress industry from U.S. consumers.

Located at 418 Chandler Drive in Gaffney, the company’s manufacturing processes will include a foam pouring line, computer cutting machines, injection molding machines, innerspring mattress coil manufacturing and all cutting, sewing and packaging of the final products.

Palmetto Pedic’s operations are expected to be online in January of 2020. As an incentive, the Coordinating Council for Economic Development approved a $250,000 Rural Infrastructure Fund grant to assist with costs associated with building upfit.

“Palmetto Pedic would like to thank the State of South Carolina for its business-friendly environment and its outstanding workforce. We look forward to years of profitable growth together,” President of Palmetto Pedic Jack Cobb said.

“Manufacturing continues to be a source of wealth creation throughout our state. This announcement by Palmetto Pedic is another testament to our business-friendly environment which helps both new and existing businesses thrive,” Secretary of Commerce Bobby Hitt said.

“This project not only provides employment opportunities for citizens in our area but also enhances the tax base of the city of Gaffney. We are very grateful that Palmetto Pedic chose Gaffney as the location of this fine facility and would like to thank the State of South Carolina, Cherokee County and the Cherokee County Development Board for their work in assisting Palmetto Pedic with their decision,” said Gaffney Mayor Henry L. Jolly.