Tempur Sealy Acquires Specialty Bed Retailer Dreams

August 3, 2021  by Laurie Northington in Business Strategy, Industry   

The acquisition of Dreams is expected to nearly double Tempur Sealy's sales through its international segment and to increase the company's annualized global sales through its direct channel to over $1 billion, or approximately 25 percent of sales on a trailing twelve month basis.

Tempur Sealy International, Inc. Chairman and CEO Scott Thompson commented, "We are pleased to officially welcome Dreams to the Tempur Sealy family,” said Scott Thompson, chairman and CEO, Tempur Sealy. “The entire Dreams leadership team has joined the company, where they will operate Dreams as an independent business unit. The addition of Dreams to the organization furthers our vertical integration and omni-channel growth strategies. Together, we expect over time to leverage our combined track records of operational excellence to realize synergies and drive profitability."