Assets from a mattress company that hasn't held up its end of a loan agreement with the City of Wichita Falls are being sold this weekend.
Those items belong to the Wichita Falls division of Natura World. The proceeds will go to secured creditors in Wichita Falls.
That's according to Wichita Falls Chamber of Commerce and Industry President Tim Chase. But Chase says at this time, he's not sure which creditors will get a share of the money. "I believe that they have a small inventory of mattresses that were previously in department stores and in showrooms around the country of their products that they had. They brought them all here and put them into the front part of the north building and they're going to be selling them off," said Chase.
The city invested more than eight million dollars in Natura two years ago, provided the company bring 400 new jobs to Natura and Gel Solutions, Natura's sister company. But that didn't happen. And now both branches are shut down.
The sale is tomorrow and Saturday morning, from 8 a.m. to 5 p.m. each day. It's at Natura's old building, the old Delphi plant, at 8600 Central Freeway. Chase says he remains hopeful the city can regain all or a large portion of its investment.
Copyright 2015 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.