King Koil

Last updated
King Koil
FormerlyUnited States Bedding Company
Company typePrivately held company
Founded1898;126 years ago (1898) in Saint Paul, Minnesota, USA
FounderSamuel Bronstein
Headquarters
Avondale, Arizona
,
United States [1]
Area served
Worldwide
Key people
David Binke (CEO)
Products Bedding
Parent Kumpulan Perangsang Selangor (since 2016)
Kaiserkorp Corp (since 2015)
Website www.kingkoil.com

King Koil is an American manufacturer of mattresses and related bedding products, headquartered in Avondale, Arizona. [2] The company was founded in 1898 and is among the oldest in its industry in the United States. [3] [4] It operates in over 90 countries and has more than 30 licensees. [5]

Contents

In 2015 and 2016 the firm came under the ownership and operation of Malaysia-based Kumpulan Perangsang Selangor (60%) [6] and Kaiserkorp Corp (40%) [1] as a result of acquisitions made then. [6]

History

The company was founded in 1898 as the United States Bedding Company by Samuel Bronstein in Saint Paul, Minnesota, USA. [7] It commenced its operations with six employees in a small factory and gradually expanded its manufacturing. [5] The company was officially incorporated as United States Bedding Co. in 1905. [4]

By 1912, the company had developed a complete product line that included mattresses, frames, pillows, and couches. [4] In the early 1900s, U.S. Bedding expanded its workforce and gained recognition for innovation in the industry. [5] In 1923, the company obtained its first patent for a non-stretchable mattress. By 1926, it had 150 employees. [4]

During the Great Depression of the 1930s, the U.S. Bedding Company held a naming contest for their redesigned mattress. The winning entry, 'King Koil', proposed by a 13-year-old African-American girl named Erla Bell Thompson, became the brand's name. [8]

King Koil had supplied the U.S. Government with cots, beds, and mattresses during World War I and World War II. During the war years, the company manufactured various military equipment and furniture, including wooden gun racks, chopping blocks, billy clubs, submarine bunks, stretchers, and beds for military bases worldwide, while also focusing on the sales and marketing of King Koil mattresses. [9]

In the late 1970s, King Koil completed the acquisition of the Englander Mattress Company, followed by a merger with King Koil. [10] This strategic move resulted in a substantial expansion of the company's scale and presence. [11]

In 1982, the company commenced its franchising operations, and by April 1990, it had established 175 franchisees operating in 22 states across the United States. [12]

In 2015, King Koil Licensing Company was acquired by Kaiserkorp Corp, its licensee from Malaysia. [1] In May 2016, Kumpulan Perangsang Selangor (KPS) acquired a 60% stake in King Koil for US$28.8 million, while Kaiserkorp Corp retained the remaining 40% of the stake. [6] [13]

In December 2019, the company shifted its U.S. headquarters from Willowbrook, Illinois, to Avondale, Arizona, where its manufacturing plant had been in operation since May 2018. [2]

In 2024, King Koil was acquired by AI Dream, a licensing division of Hillhouse Investment Management. [14]

Operations

The company shifted to a licensing model. As of 2019, it has over 30 licensees and is operating in more than 90 countries. [5]

King Koil ventured into the United Arab Emirates in 1993, collaborating with its licensee, Dubai Furniture Manufacturing Company (DFMC), which became the first licensee in the Middle East, and now it operates 15 King Koil showrooms in the UAE. [15]

In September 2006, King Koil signed a licensing agreement with Askona to manufacture and market mattresses in Russia, Belarus, Ukraine, and Kazakhstan. [16]

King Koil began its foray into the Chinese market in 2000 through a licensing agreement with King Koil Shanghai Sleep System Co., Ltd. [17] In August 2014, Citic Capital Partners, a private equity firm, secured a controlling stake in the company. [18] Subsequently, in November 2016, Advent International acquired a majority stake in King Koil China. [19]

After being acquired by Kaiserkorp Corp in 2015, King Koil returned to its role as a direct manufacturer in the United States. [20] The Avondale facility of King Koil serves 17 states, such as Arizona, Arkansas, Alaska, California, Colorado, Hawaii, Idaho, Louisiana, Montana, Nevada, New Mexico, Oklahoma, Oregon, Texas, Utah, Washington, and Wyoming. The company manages manufacturing and distribution in the eastern United States through a strategic partnership with Blue Bell Mattress. [1]

King Koil also has licensees in Indonesia, Malaysia, the Philippines, Singapore, and Vietnam within the Southeast Asian region. [21]

King Koil India

King Koil entered the Indian market in early 2007, starting in Mumbai and later expanding to Bangalore. The company had established eight showrooms in Mumbai, Bangalore, Pune, Nasik, and Delhi. [22]

In September 2013, King Koil signed a sole licensee agreement with Real Innerspring Technologies Limited (RITL), involving an investment of ₹400 crore (US$48 million). [23] King Koil India is the authorized licensee for India, Nepal, Bhutan, and Bangladesh and operates four factories in Sonipat, Kolkata, Bengaluru, and Bhiwandi near Mumbai, with a combined manufacturing capacity of around 10,000 mattresses per month as of December 2022. [24]

King Koil India operates in both the retail and hospitality sectors, with notable clients that include Hilton, Hyatt, Marriott, Radisson, and Ramada. [24]

Reception

The New York Times , in a review, published in October 2023, recognized King Koil's Air Mattress as the runner-up, citing its comfort and its ability to retain air throughout the night without requiring reinflation. [25] In March 2023, USA Today conducted a review that included testing King Koil's air mattress, with the publication describing it as comfortable. [26] In September 2023, CNN's editor tested King Koil's air mattress and called it a clear winner in their review. [27]

Many of King Koil's products are endorsed by the International Chiropractors Association [28] and were awarded the Good Housekeeping Seal of Approval by Good Housekeeping magazine. [29] [30]

Related Research Articles

A waterbed, water mattress, or flotation mattress is a bed or mattress filled with water. Waterbeds intended for medical therapies appear in various reports through the 19th century. The modern version, invented in San Francisco and patented in 1971, became a popular consumer item in the United States through the 1980s with up to 20% of the market in 1986 and 22% in 1987. By 2013, they accounted for less than 5% of new bed sales.

<span class="mw-page-title-main">Air mattress</span> Type of mattress

An air mattress is an inflatable mattress or sleeping pad.

<span class="mw-page-title-main">Mattress</span> Large soft sheet for lying on to sleep

A mattress is a large, usually rectangular pad for supporting a person lying down, especially for sleeping. It is designed to be used as a bed, or on a bed frame as part of a bed. Mattresses may consist of a quilted or similarly fastened case, usually of heavy cloth, containing materials such as hair, straw, cotton, foam rubber, or a framework of metal springs. Mattresses may also be filled with air or water.

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<span class="mw-page-title-main">Bed</span> Piece of furniture used as a place to sleep or relax

A bed is an item of furniture that is used as a place to sleep, rest, and relax.

<span class="mw-page-title-main">Bed sheet</span> Rectangular piece of cloth or linen cotton used to cover a mattress

A bed sheet is a rectangular piece of cloth used either singly or in a pair as bedding, which is larger in length and width than a mattress, and which is placed immediately above a mattress or bed, but below blankets and other bedding. A bottom sheet is laid above the mattress, and may be either a flat sheet or a fitted sheet. A top sheet, in the many countries where they are used, is a flat sheet, which is placed above a bottom sheet and below other bedding.

<span class="mw-page-title-main">Sleep Number</span> U.S. manufacturing company

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<span class="mw-page-title-main">Serta (company)</span> Mattress manufacturer

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<span class="mw-page-title-main">Simmons Bedding Company</span> American mattress manufacturer

The Simmons Bedding Company is an American major manufacturer of mattresses and related bedding products, based in Atlanta, Georgia. The company was founded in 1870. Simmons' flagship brand is Beautyrest. In addition to operating 18 manufacturing facilities in the United States and Puerto Rico, the company licenses its products internationally. According to a Simmons press release, net sales for 2005 were $855 million, and its revenue was $1.13 billion in 2007 and $1.228 billion in 2013. In 2011, Simmons ranked in third place among U.S. mattress manufacturers, with a 15.7 percent market share. In 2012, Simmons and its sister company Serta International were acquired by American private equity company Advent International. As of 2022, Simmons is a subsidiary of the American company Serta Simmons Bedding, LLC of Doraville, Georgia. On January 23, 2023, Serta Simmons Bedding filed for Chapter 11 bankruptcy.

<span class="mw-page-title-main">Sealy Corporation</span> Mattress manufacturer

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<span class="mw-page-title-main">Protect-A-Bed</span>

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References

  1. 1 2 3 4 "King Koil Relocates Headquarters". BedTimes Magazine. October 24, 2019.
  2. 1 2 Brown, Brandon (October 24, 2019). "Mattress manufacturer moves HQ to West Valley from Chicago". Phoenix Business Journal.
  3. ↑ "Advertising Agency and Advertising & Selling Volume 44, Issues 7–12". Moore Publishing Company. 1951. p. 52.
  4. 1 2 3 4 Dee Horwitz (January 20, 2010). Who Made My Bed?: A true story. An old leather envelope reveals the true identity a 19th-century Russian immigrant who founded an international bedding business. i Universe, Inc. New York City. p. 23. ISBN   978-1-4401-6553-5.
  5. 1 2 3 4 Mallawaarachchi, Randheer (November 11, 2019). "Repose in Royal Fashion- Suyamas International Presents World Renown King Koil Spring Mattresses". Daily Mirror (Sri Lanka).
  6. 1 2 3 Anwar, Kamarul (May 13, 2016). "Kumpulan Perangsang buys 60% stake in King Koil mattress owner". The Edge (Malaysia).
  7. ↑ Val Bjornson (1969). The History of Minnesota, Volume 3. Lewis Historical Publishing Company. p. 325.
  8. ↑ Woodward, Judy (January 25, 2016). "Old King Koil factory is still a dreamland". Parkbugle.org.
  9. ↑ Dee Horwitz (January 20, 2010). Who Made My Bed?: A true story. An old leather envelope reveals the true identity a 19th century Russian immigrant who founded an international bedding business. i Universe, Inc. New York City. pp. 45, 88, 116 & 117. ISBN   978-1-4401-6553-5.
  10. ↑ "Ernest Friedman". Star Tribune. June 11, 2013.
  11. ↑ Dee Horwitz (January 20, 2010). Who Made My Bed?: A true story. An old leather envelope reveals the true identity a 19th-century Russian immigrant who founded an international bedding business. i Universe, Inc. New York City. pp. 139, 151. ISBN   978-1-4401-6553-5.
  12. ↑ Franchise Opportunities Handbook. U.S. Department of Commerce, Domestic and International Business Administration and Office of Minority business enterprise. June 1991. p. 199 & 200.
  13. ↑ Ali, Sharidan (Jun 4, 2016). "KPS finds comfort in King Koil investment". The Star (Malaysia) .
  14. ↑ "AI Dream Acquires U.S. Mattress Company King Koil". Furniture, Lighting, and Decor. 22 April 2024. Retrieved 2024-08-30.
  15. ↑ "King Koil and UAE DFMC Celebrate 30th Anniversary". BedTimes Magazine. April 3, 2023.
  16. ↑ Perry, David (September 25, 2006). "Askona making gains with King Koil in Russia". Furniture Today.
  17. ↑ Chan, Vinicy; Baigorri, Manuel (July 12, 2021). "Hillhouse Emerges as Preferred Bidder for $2 Billion King Koil China". Bloomberg News.
  18. ↑ Tudor-Ackroyd, Alison (August 18, 2014). "Citic Capital buys stake in Chinese mattress maker". FinanceAsia.
  19. ↑ Yap, Shiwen (November 1, 2016). "Advent buys CITIC Capital stake in mattress-maker King Koil China". DealStreetAsia. Archived from the original on November 7, 2016.
  20. ↑ "King Koil announces new strategy in the US". The Borneo Post. January 2018.
  21. ↑ James (2019). "Licensing: Building Brands One Country at a Time". BedTimes Magazine.
  22. ↑ Anne T. Coughlan (2007). Marketing Channels. Pearson plc. p. 60, 61. ISBN   9788131717431. King Koil spring mattresses
  23. ↑ "RITL plans to invest Rs 400 cr to expand King Koil mattress". The Economic Times. August 29, 2023.
  24. 1 2 Rautela, Isha (December 27, 2022). "Mattress maker King Koil India expands portfolio to B2B foam-selling segment". The Hindu Business Line.
  25. ↑ Lorch, Danna (October 20, 2023). "The Best Air Mattress". The New York Times .
  26. ↑ Porter, Kim (March 27, 2023). "The Best Air Mattresses of 2023 – Reviewed". USA Today.
  27. ↑ Rennie, Alex (September 22, 2023). "The best air mattress in 2023, tested by editors". CNN.
  28. ↑ Blumenthal, Ralph (February 22, 1979). "When Buying a Bed, Beware". The New York Times .
  29. ↑ Lodging Hospitality, Volume 44. Penton Pub. July 1988. p. 71, 72. Its products have earned the endorsement of the International Chiropractors Associa- tion and the Good Housekeeping Seal of Approval.
  30. ↑ "Good Housekeeping Seal". Good Housekeeping . 239 (1–3). International Magazine Company: 29, 52. 2004.
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