Springs Global (“Springs”) results from the combination of two textile companies of long standing tradition: CTNM, based in Brazil, and Springs Industries, from the U.S..
Springs is a leading company in bedding, tabletop and bath products, with operations in Brazil and Argentina, and subsidiaries in the United States. Starting in 2009, Springs started direct operations as a retailer in the bed, bath and table toppings (CAMEBA) segment in Brazil, through the acquisition of MMartan. In 2011, the Company began the development of a second network of stores under the Artex brand. Currently, all retail activities are concentrated at the level of Springs’ subsidiary, AMMO Varejo.
The current corporate and organizational structure of the Company is as follows: