Sleep Train Acquires Sleep City

October 18, 2012  by in UnCategorized   

By Home Furnishings Business in Acquisition on October 19, 2012

Bedding retailer Sleep Train has acquired eight Sleep City stores in Eastern Washington and Western Idaho.

Six of the new stores will become Mattress Discounters store fronts and the other two will become Sleep Country USA stores.

The eight new stores take Sleep Train's store count to 273. Sleep Train operates stores under the Sleep Train Mattress Center, Sleep Country USA, Mattress Discounters and Got Sleep? names.

Mattress Discounters expanded beyond California and Nevada into the Northwest last October. The brand will now have locations in Coeur d'Alene, Idaho; Spokane, Wash.; Richland, Wash.; and Yakima, Wash. Sleep Country USA will add two stores in Pasco, Wash.; and Spokane, Wash. 

"Acquiring Sleep City's Washington and Idaho locations allows us to continue to expand in growing markets where we can enhance our consumer connections and provide residents with more convenient locations for quality sleep products," said Dale Carlsen, CEO of Sleep Train. "We are pleased to welcome Sleep City's new employees to join our employee-owned team, and proud to extend the reach of our Sleep Country USA Foster Kids program in these new locations."

Sleep City employees will have the opportunity to join the company and become part of the employee-owned Sleep Country USA and Mattress Discounters teams. The newly branded stores are expected to open on Nov. 7.

Financial terms of the transaction were not disclosed.