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
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.
Grayson Dixon 336.774.9226
Maria Mayer 336.774.9225
SOURCE Sealy, Inc.