TRINITY, N.C., Oct. 21 /PRNewswire/ -- Sun Mattress, LLC, an affiliate of
Sun Capital Partners, an investment group based in Boca Raton, Florida, has
acquired 100% ownership of Mattress Firm, Inc. (formerly known as Malachi
Mattress America, Inc.). Mattress Firm, Inc., which owns, operates, and
franchises The Mattress Firm(R) specialty sleep stores in 39 markets, is one
of Sealy's largest customers. Mattress Firm, Inc. was acquired from a group
of independent private investors, which included Mattress Holdings
International LLC, a company affiliated with Sealy and controlled by Bain
Capital, Sealy's principal owner. With its new ownership structure, The
Mattress Firm will no longer be an affiliate of Sealy, Inc. or Bain Capital.
"We are excited that The Mattress Firm has new ownership with the retail
experience and the financial resources to drive the continued growth and
expansion of one of our largest customers," said Dave McIlquham, President and
CEO of Sealy, Inc. "We look forward to continuing our role as their largest,
most valued supplier. We will provide our full support to The Mattress Firm's
management and new owners as they develop and implement their growth
"This ownership change provides the capital structure we need to continue
our momentum to become one of the country's largest and best bedding
retailers," said Gary Fazio, Chief Executive Officer of The Mattress Firm.
"Although we are completely independent of Sealy, their brands have been an
essential part of our past success and will continue to be an important part
of our future product assortment," Fazio added.
Sun Capital Partners is a leading private investment firm focused on
leveraged buyouts of market-leading companies. Since its inception in 1995,
Sun Capital has invested in approximately 40 companies with combined sales in
excess of $3.5 billion. Recent acquisitions in the Home Furnishings market
include Wickes Furniture, Nationwide Warehouse & Storage, and Lexington Home
Sealy is the largest bedding manufacturer in the world. Including its
subsidiaries, Sealy has 31 manufacturing plants in the United States, Canada,
France, Italy, Brazil, Argentina and Mexico. There are a total of 11
international licensees operating in 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, India 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, futons and upholstered furniture. More information on Sealy, Inc.,
can be accessed at http://www.sealy.com.
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SOURCE Sealy, Inc.