Somnigroup International
 | This article relies largely or entirely on a single source. (January 2020) |
| Formerly | Tempur Sealy International, Inc. |
|---|---|
| Company type | Public |
| Industry | Furnishings |
| Founded | 2012 (merger of Sealy Corporation into Tempur-Pedic) |
| Headquarters | , U.S. |
Key people | Scott L. Thompson (chairman, president and CEO) |
| Products | Bedding |
| Brands | |
| Revenue |  US$4.930 billion (FY 2021)[1] |
| US$912.3 million (FY 2021)[1] | |
| US$624.5 million (FY 2021)[1] | |
| Total assets | US$4.323 billion (FY 2021)[1] |
| Total equity |  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 | somnigroup |
Somnigroup International Inc. is an American manufacturer of mattresses and bedding products.[2]
The company was formed when Tempur-Pedic International, a manufacturer of memory foam mattresses, acquired its biggest competitor Sealy Corporation in 2012.[3][4] 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 United States Federal Trade Commission due to concerns about its impact on competition in the space.[5] The company sued the Federal Trade Commission in October to halt the court proceedings and won the case in January 2025, allowing the deal to go through.[6][7]
The acquisition was finalized in February 2025 and Tempur Sealy changed its name to Somnigroup International Inc.[8]
See also
[edit]References
[edit]- ^ a b c d e f "Tempur Sealy International, Inc. 2021 Annual Report Results". February 22, 2022. Retrieved November 3, 2022.
- ^ "Company Profile". Somnigroup. Retrieved 10 June 2025.
- ^ Abram Brown. "Going To The Mattresses: Tempur-Pedic Buys Sealy To Fight Rivals". Forbes. Retrieved 27 September 2012.
- ^ Rob Wile. "Tempur-Pedic Is Buying Sealy". Business Insider. Retrieved 27 September 2012.
- ^ Maruf, Ramishah (2024-07-02). "FTC unanimously moves to block $4 billion merger of mattress giants | CNN Business". CNN. Retrieved 2024-07-05.
- ^ "Tempur Sealy and Mattress Firm Defeat FTC Preliminary Injunction in $5 Billion Deal". www.clearygottlieb.com. Retrieved 2025-09-07.
- ^ Nylen, Leah; Mekelburg, Madlin (January 31, 2025). "Tempur Sealy Cleared to Buy Mattress Firm in Blow to FTC".
- ^ "Tempur Sealy Cleared to Close Acquisition of Mattress Firm". www.prnewswire.com. Retrieved 2025-09-07.
External links
[edit]- Official website
- Business data for Somnigroup International Inc.:
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