A leading bedding maker is set to acquire the nation’s largest mattress specialty retailer. The acquisition will give Tempur Sealy direct ownership of its largest retail partner.
Founded in 1986, Mattress Firm operates more than 2,300 store locations in addition to an e-commerce site. The company is expected to operate as a separate business unit within Tempur Sealy following the close of the deal.
Tempur Sealy’s brands include Tempur-Pedic, Sealy and Stearns & Foster, along with non-branded offerings consisting of private label and OEM products. The company’s products are sold through its 700-plus stores and e-commerce channels as well as third-party retailers.
Together, Tempur Sealy and Mattress Firm’s combined global footprint will include approximately 3,000 retail stores, 30 e-commerce platforms, 71 manufacturing facilities, and four state-of-the-art R&D facilities worldwide.
“This transaction advances all four of our key long-term initiatives: to develop the highest quality bedding products, promote brands with compelling marketing, optimize our diverse omni-channel distribution platform, and drive EPS growth,” said Tempur Sealy Chairman and CEO Scott Thompson. “We are excited by the long-term growth prospects for our global vertically integrated company. This combination will accelerate our growth trajectory and enhance operating cash flow.”
