Mattress Firm Acquiring Mattress Pro

August 22, 2007  by in UnCategorized   

By Home Furnishings Business in Bedding on August 2007 Houston-based Mattress Firm plans to acquire the 35-store Mattress Pro chain. Terms of the acquisition were not disclosed.

Mattress Pro has stores in major cities in Texas and Nevada, and its partners include several individuals with past ties to Mattress Firm, including Mattress Firm co-founder Harry Roberts and former franchise owner Philip Busker.

The acquisition of the chain increases Mattress Firm’s market dominance in several cities, bringing store counts to 19 in Las Vegas, 26 in San Antonio, 23 in Austin, 47 in Dallas and 52 in Houston. The acquisition expands Mattress Firm’s total store count nationwide to more than 440 stores in 36 markets across 21 states.

“This merger is a great fit for Mattress Firm and allows us to further establish our leadership position in several key and growing markets,” said Gary Fazio, chief executive officer of Mattress Firm. “However, we understand that being a leader means more than having the most locations. Mattress Pro has done a tremendous job of establishing a solid reputation in each of these markets by providing a high level of customer service through its professional and talented team. Our commitment is to build on the strong foundation they’ve built by bringing our unique retail experience, sleep expertise and the broadest selection of products and brands in the industry to these locations.”

Upon completion of the acquisition, Mattress Firm will begin the process of transitioning Mattress Pro locations with new signage, its signature store format and expanded product selection.