Tempur Sealy International Explained

Tempur Sealy International, Inc.
Type:Public
Traded As:
S&P 400 Component
Foundation:2012 (merger of Sealy Corporation into Tempur-Pedic)
Location City:Lexington, Kentucky
Location Country:U.S.
Key People:Scott L. Thompson (Chairman, President and CEO)
Industry:Furnishings
Products:Bedding
Revenue: US$4.930 billion (FY 2021)[1]
Operating Income: US$912.3 million (FY 2021)
Net Income: US$624.5 million (FY 2021)
Assets: US$4.323 billion (FY 2021)
Equity: US$285.8 million (FY 2021)
Num Employees:12,000 (As of Dec. 31, 2021)
Subsid:Sealy Corporation
Tempur-Pedic
Dreams
Brands:Sealy Posturepedic
Tempur
Tempur-Pedic
Stearns & Foster
Bassett
Homepage:www.tempursealy.com

Tempur Sealy International, Inc. is an American manufacturer of mattresses and bedding products.

The company was formed when Tempur-Pedic International, a manufacturer of memory foam mattresses acquired its biggest competitor Sealy Corporation in 2012.[2] [3] It is based in Lexington, Kentucky.

In May 2023 Temper Sealy sought to acquire mattress retailer Mattress Firm for a reported $4 billion. However, in July 2024 the deal was blocked by the FTC due to concerns about its impact on competition in the space.[4]

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Notes and References

  1. News: Tempur Sealy International, Inc. 2021 Annual Report Results . February 22, 2022. November 3, 2022.
  2. Web site: Abram Brown . Going To The Mattresses: Tempur-Pedic Buys Sealy To Fight Rivals . Forbes . 27 September 2012.
  3. Web site: Rob Wile . Tempur-Pedic Is Buying Sealy . Business Insider . 27 September 2012.
  4. Web site: Maruf . Ramishah . 2024-07-02 . FTC unanimously moves to block $4 billion merger of mattress giants CNN Business . 2024-07-05 . CNN . en.