Cancel OK

Tempur Sealy Completes Acquisition of Dreams

General News
Tempur Sealy International - Furniture Manufacturer

Tempur Sealy International, Inc. (NYSE: TPX, “Tempur Sealy” or the “Company”) today announced the closing of its previously announced deal to acquire Dreams, the leading specialty bed retailer in the United Kingdom. The acquisition of Dreams is expected to nearly double Tempur Sealy’s sales through its international segment and to increase the Company’s annualized global sales through its direct channel to over $1 billion, or approximately 25 percent of sales on a trailing twelve month basis.

Tempur Sealy International, Inc. Chairman and CEO Scott Thompson commented, “We are pleased to officially welcome Dreams to the Tempur Sealy family. The entire Dreams leadership team has joined the Company, where they will operate Dreams as an independent business unit. The addition of Dreams to the organization furthers our vertical integration and omni-channel growth strategies. Together, we expect over time to leverage our combined track records of operational excellence to realize synergies and drive profitability.”

Strategic Benefits of Combination

The acquisition of Dreams will

-Diversify Tempur Sealy’s global sales

-Broaden the Company’s brick and mortar and online retail sales capabilities

-Accelerate Tempur Sealy’s growth in the UK, one of the largest economies in the world

-Establish wholly-owned UK manufacturing and distribution assets

-Complement Tempur Sealy’s existing legacy Tempur operations and its recently-formed Sealy joint venture operations in the region

About Tempur Sealy

Tempur Sealy is committed to improving the sleep of more people, every night, all around the world. As a global leader in the design, manufacture and distribution of bedding products, we know how crucial a good night of sleep is to overall health and wellness. Utilizing over a century of knowledge and industry-leading innovation, we deliver award-winning products that provide breakthrough sleep solutions to consumers in over 100 countries.

Our highly recognized brands include Tempur-Pedic®, TEMPUR®, Sealy® and Stearns & Foster® and our non-branded offerings include value-focused private label and OEM products. Our distinct brands allow for complementary merchandising strategies and are sold through third-party retailers, our Company-owned stores and e-commerce channels. This omni-channel strategy ensures our products are offered wherever and however customers want to shop.

Lastly, we accept our global responsibility to serve all stakeholders, our community and environment. We have and are implementing programs consistent with our responsibilities.


Aubrey Moore – Investor Relations – (800) 805-3635 –

Source: Tempur Sealy International, Inc.