Tempur Sealy International Inc., based in Lexington, Kentucky, recently acquired Mattress Firm in a cash-and-stock deal valued at approximately $4 billion. The acquisition is expected to allow Mattress Firm to operate as a separate business unit under Tempur Sealy. Texas has the most number of locations for this company within the US, with 305 stores which accounts for 13% of all stores nationwide.
Mattress Firm had been headquartered at 10201 S Main St SW Houston since 2016 but recently signed a lease at Reserve Westchase; their new space was half that previously occupied. With 21,000 employees including more than 8100 from Mattress Firm and 3000 total retail stores including 2300 from them; 30 ecommerce platforms; 71 manufacturing facilities and four research & development facilities worldwide – it’s no wonder why they were attractive enough to be purchased by Tempur Sealy! Saddled with debt due to multiple acquisitions priorly made by them, Mattress firm filed for Chapter 11 bankruptcy protection back in October 2018 however completed its financial restructuring just months later.
