From Home Furnishing Business
Tempur Sealy Certifies Compliance for Mattress Firm Acquisition
Tempur Sealy International, Inc. announced it has certified substantial compliance with the Federal Trade Commission's second request for documents and information pursuant to the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.
This certification is in connection with the proposed acquisition by Tempur Sealy, a leading global bedding company, of Mattress Firm, the nation's largest mattress specialty retailer, as previously announced on May 9, 2023.
Tempur Sealy Chairman and CEO Scott Thompson said, "We are excited about the long-term growth prospects for our global Company and believe a combination with Mattress Firm will further accelerate our shared opportunities.”
“This combination will complement Tempur Sealy's extensive product development and manufacturing capabilities with vertically integrated retail, bringing Tempur Sealy closer to consumers and facilitating continued innovation."
Pending satisfaction of closing conditions and receipt of all regulatory approvals, the Company expects to close the transaction in mid to late 2024.