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Silentnight has secured a £1m investment package from Lancashire County Council to expand its bed factory in Barnoldswick, with the creation of 140 jobs.
Silentnight, the Lancashire-based bed maker with 1,250 staff, has been bought out of administration by private equity firm HIG Capital.
Silentnight, the bed manufacturer, is to return to private ownership following a £72m takeover offer from its founding family.
Silentnight is closing a cabinet factory in Keighley with the loss of 220 jobs, in order to relocate production to its site in Sunderland.
Silentnight is planning to sell K Raymakers & Sons, the former Cornwell Parker fabric business, for £2.5m.
Silentnight has acquired Ducal, the Andover-based wooden furniture manufacturer, for £15m.
Silentnight is to acquire Cornwell Parker, the fabrics and furniture group, for £23m.
Silentnight is to invest £3m at its Sunderland furniture factory, in order to improve efficiency and safeguard the 774 jobs.
Silentnight is selling Wellhouse Wire Products, the spring making business, to Legget & Platt for £10m, in order to focus on bed manufacturing.