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Leading Global Bedding Company Tempur Sealy To Acquire Mattress Firm, The Nation'S Largest Mattress Specialty Retailer

May 09, 2023•over 2 years ago

Acquiring Company

Tempur Sealy

Acquired Company

Mattress Firm

LexingtonHoustonRetailManufacturingE CommerceManufacturingRetail

Description

Tempur Sealy International, Inc. (NYSE: TPX, "Company" or "Tempur Sealy") and Mattress Firm Group Inc. ("Mattress Firm") today announced that Tempur Sealy has signed a definitive agreement to acquire Mattress Firm, the nation's largest mattress specialty retailer, in a cash and stock transaction valued at approximately $4.0 billion.

Company Information

Company

Tempur Sealy

Location

Lexington, Kentucky, United States

About

Tempur Sealy International, Inc. is the world's largest bedding provider. The company develops, manufactures and markets mattresses, adjustable bases, pillows and other sleep and relaxation products. Combining a proud history and groundbreaking innovation, the company holds some of the most highly recognized brands in the industry: Tempur®, Tempur-Pedic®, Cocoon™ by Sealy, Sealy®, and Stearns & Foster®.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed