Sealy Announces Price Increases Across Domestic Product Lines To Offset Unprecedented Cost Increases of Polyurethane Foam and Other

Materials



    ARCHDALE, N.C., Oct. 20 /PRNewswire/ -- Sealy announced today that it will
 raise prices across all its domestic product lines to offset rising costs of
 raw materials used in the manufacture of its bedding products.  The industry
 has seen unprecedented cost increases in polyurethane foam as well as price
 hikes in fuel and other petroleum-based commodities as a result of this
 season's hurricane disasters.  Polyurethane foam is one of the primary
 materials used in mattress construction.
     The price increases will vary by product line and mattress size and are
 scheduled to take effect November 14.
     "We've turned the corner on the supply chain issues relating to the
 shortage of TDI.  Now, we're focused on working as thoughtfully as possible to
 help our retailers manage the impact of these costs on their businesses," said
 Dave McIlquham, chairman and chief executive officer of Sealy.
     Working with customers and Sealy's international supply chain, Sealy has
 been able to increase its total supply of foam to meet forecasted customer
 demand.
 
     Sealy, Inc.
     Sealy is the largest bedding manufacturer in the world, and is the leading
 bedding company in North America.  Including its subsidiaries, Sealy has 30
 manufacturing plants in the United States, Canada, France, Italy, Brazil,
 Argentina and Mexico.  There are a total of 12 international licensees
 operating in Spain, Portugal, Australia, Israel, Jamaica, Dominican Republic,
 Saudi Arabia, Japan, New Zealand, Thailand, South Africa, the Bahamas and the
 United Kingdom.  In addition to its licensees, Sealy has a joint venture in
 Southeast Asia and Korea.
     Sealy produces and sells a full range of mattresses under the Sealy, Sealy
 Posturepedic(R), Stearns & Foster and Bassett brand names.  Sealy-branded
 licensed products include: crib mattresses, sheets, pillows, mattress pads and
 comforters, office chairs, futons and sleep sofas.  For more information on
 Sealy, Inc. visit http://www.sealy.com.
 
     Contacts:
      Grayson Dixon 336.774.9226
      grayson.dixon@mullen.com
 
      Maria Mayer 336.774.9225
      maria.mayer@mullen.com
 
 

SOURCE Sealy, Inc.

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