Tempur Sealy in $4 Billion Acquisition of Mattress Firm
May 17, 2023
Cleary Gottlieb is representing Tempur Sealy International, Inc. (NYSE: TPX, Tempur Sealy), which announced on May 9 that it has signed a definitive agreement to acquire Mattress Firm Group Inc. (Mattress Firm), the nation’s largest mattress specialty retailer, in a cash and stock transaction valued at approximately $4 billion.
This combination will complement Tempur Sealy’s extensive product development and manufacturing capabilities with vertically integrated retail. 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 4 state-of-the-art R&D facilities worldwide. These combined operations will be supported by more than 21,000 best-in-class employees with a collective focus on providing breakthrough sleep solutions to consumers in over 100 countries.
For more information, please see the press release by clicking here.