Tempur Sealy International

Last updated
Tempur Sealy International, Inc.
Company type Public
NYSE:  TPX
S&P 400 Component
IndustryFurnishings
Founded2012 (merger of Sealy Corporation into Tempur-Pedic)
Headquarters,
Key people
Scott L. Thompson (Chairman, President and CEO)
ProductsBedding
Brands Sealy Posturepedic
Tempur
Tempur-Pedic
Stearns & Foster
Bassett
RevenueIncrease2.svg US$4.930 billion (FY 2021) [1]
Increase2.svg US$912.3 million (FY 2021) [1]
Increase2.svg US$624.5 million (FY 2021) [1]
Total assets Increase2.svg US$4.323 billion (FY 2021) [1]
Total equity Decrease2.svg US$285.8 million (FY 2021) [1]
Number of employees
12,000 (As of Dec. 31, 2021) [1]
Subsidiaries Sealy Corporation
Tempur-Pedic
Dreams
Website www.tempursealy.com

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

Contents

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 it's impact on competition in the space. [4]

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References

  1. 1 2 3 4 5 6 "Tempur Sealy International, Inc. 2021 Annual Report Results". February 22, 2022. Retrieved November 3, 2022.
  2. Abram Brown. "Going To The Mattresses: Tempur-Pedic Buys Sealy To Fight Rivals". Forbes. Retrieved 27 September 2012.
  3. Rob Wile. "Tempur-Pedic Is Buying Sealy". Business Insider. Retrieved 27 September 2012.
  4. Maruf, Ramishah (2024-07-02). "FTC unanimously moves to block $4 billion merger of mattress giants | CNN Business". CNN. Retrieved 2024-07-05.