Tempur-Pedic International Inc. (TPX) said Monday that it has completed its acquisition of Sealy Corp. (ZZ).
In September 2012, Tempur-Pedic agreed to buy smaller peer Sealy Corp. for $2.20 per share in deal valued at about $1.3 billion, including outstanding debt.
The combination of Tempur-Pedic and Sealy creates the world's largest bedding provider. Together, Tempur-Pedic and Sealy have the strongest brand portfolio with the most highly recognized brands in the industry, including Tempur, Tempur-Pedic, Sealy, Sealy Posturepedic, Optimum and Stearns & Foster.
The company also said Monday that it plans to change its corporate name to Tempur Sealy International, Inc. The company will seek shareholder approval for the proposed change at its Annual Meeting of Shareholders in May. The company's global corporate headquarters will be in Lexington, Kentucky, and its common stock will continue to trade on the NYSE under the symbol "TPX".
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.