Tempur-Pedic

Last updated

Tempur-Pedic International Inc.
Company type Subsidiary
Industry Mattresses and pillows
Founded1992;34 years ago (1992)
Headquarters Coldstream Research Campus,
Lexington, Kentucky, US
Parent Tempur Sealy International
(2012— )
Website tempurpedic.com

Tempur-Pedic International, Inc., part of Somnigroup International [1] (formerly Tempur Sealy International), is a manufacturer and distributor of mattresses and pillows made from viscoelastic foam. The company is headquartered on the Coldstream Research Campus in Lexington, Kentucky, [2] and has manufacturing plants in Duffield, Virginia; and Albuquerque, New Mexico. [3] [4]

Contents


History

The first Tempur-Pedic mattress was introduced by Fagerdala World Foams, a Swedish technical foam firm. The brand was brought to the US in 1992 and the company Tempur-Pedic, Inc. was founded. [5] [a] Nine distributors of Fagerdala, including Tempur-Pedic, Inc., merged in 1999 to form Tempur World Holding Company, reformed in 2002 as Tempur-Pedic International Inc. The company went public in 2003. [7] In 2012, Tempur-Pedic and Sealy Corporation announced plans to merge. [8] Tempur-Pedic paid $228.6 million, but the two companies operate separately. [9] The acquisition was completed March 18, 2013, and the company's name became Tempur Sealy International, Inc. on May 22, 2013. [4]

Mattresses made of TEMPUR material earned the Good Housekeeping Seal, [10] were awarded a Consumers Digest "best buy" as well as an Ease-of-Use Commendation from the Arthritis Foundation. [11]

Price fixing settlement

In 2015, Tempur-Pedic's German subsidiary was fined €15.5 million by the German Federal Cartel Office for engaging in vertical price fixing between August 2005 and July 2011. [12] [13]

See also

Notes

  1. ↑ However, Somnigroup's website states the company was founded in 1991. [6]

References

  1. ↑ "Company Profile". somnigroup.com. Somnigroup International. Retrieved January 15, 2026.{{cite web}}: CS1 maint: url-status (link)
  2. ↑  "Tempur Sealy Fast Facts". tempursealy.com. Tempur World, LLC. 2026. Retrieved January 15, 2026.
  3. ↑  "What We Believe". help.tempurpedic.com. Tempur-Pedic North America, LLC. Archived from the original on March 24, 2016. Retrieved January 15, 2026.
  4. 1 2 "Tempur+Sealy: Investor FAQ". investor.tempursealy.com. Tempur-Pedic Management, LLC. 2017. Archived from the original on July 2, 2017. Retrieved January 15, 2026.
  5. ↑ Weintraub, Arlene (August 15, 2008). "Sweet Dreams Are Made Of Foam". Business Week . Archived from the original on November 11, 2005. Retrieved January 15, 2026.
  6. ↑ "Product Brands". somnigroup.com. Somnigroup International. Retrieved January 15, 2026.{{cite web}}: CS1 maint: url-status (link)
  7. ↑ "Tempur-Pedic is IPO of the week". MarketWatch.com. Renaissance Capital. Retrieved November 27, 2015.
  8. ↑ Mason, Nick. "Tempur-Pedic User Reviews". sleepaider.com. Retrieved November 27, 2015.
  9. ↑ Barron, Richard M. (September 28, 2012). "Tempur-Pedic buys Trinity-based Sealy for $228.6 million in cash". News & Record .
  10. ↑  "Bed and Bath Products — Good Housekeeping Seal". goodhousekeeping.com. Archived from the original on June 16, 2009.
  11. ↑ "Ease of Use". arthritis.org. Arthritis Foundation. Retrieved July 12, 2012.
  12. ↑ "Tempur Sealy International settles with Germany's Federal Cartel Office". thefurnishingreport.com. October 23, 2015. Retrieved January 24, 2023.
  13. ↑ Krause, Martin (October 22, 2015). "Steinhagener Matzratzenhersteller Tempur muss 15,5 Millionen Euro Bußgeld zahlen" [Steinhagen-based mattress manufacturer Tempur must pay 15.5 million euro fine]. Neue Westfälische (in German). Retrieved January 24, 2023.

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