Tempur Sealy Cleared to Close Acquisition of Mattress Firm
Tempur Sealy International (NYSE: TPX) has received clearance to complete its acquisition of Mattress Firm Group, the largest mattress specialty retailer in the United States, with closing expected on February 5, 2025. This follows the U.S. District Court for the Southern District of Texas denying the Federal Trade Commission's (FTC) motion for a preliminary injunction to stop the acquisition. The FTC has confirmed it will not seek emergency relief or prevent the transaction.
The combination will create the leading vertically integrated global bedding company, according to CEO Scott Thompson. The company has scheduled two conference calls: one on February 6, 2025, to discuss the transaction, and another on February 20, 2025, to review Q4 and Full Year 2024 financial results.
Tempur Sealy International (NYSE: TPX) ha ricevuto l'approvazione per completare l'acquisizione di Mattress Firm Group, il più grande rivenditore specializzato in materassi negli Stati Uniti, con la chiusura prevista per il 5 febbraio 2025. Questo segue il rifiuto da parte della Corte Distrettuale degli Stati Uniti per il Distretto Meridionale del Texas della mozione della Federal Trade Commission (FTC) per un'ingiunzione preliminare a fermare l'acquisizione. L'FTC ha confermato che non cercherà misure di emergenza né impedirà la transazione.
Secondo l'amministratore delegato Scott Thompson, la combinazione creerà la principale azienda globale di biancheria da letto verticalmente integrata. L'azienda ha programmato due conference call: una il 6 febbraio 2025 per discutere della transazione e l'altra il 20 febbraio 2025 per rivedere i risultati finanziari del quarto trimestre e dell'intero anno 2024.
Tempur Sealy International (NYSE: TPX) ha recibido la aprobación para completar su adquisición de Mattress Firm Group, el mayor minorista especializado en colchones en los Estados Unidos, con el cierre previsto para el 5 de febrero de 2025. Esto sigue a la negativa del Tribunal de Distrito de EE. UU. para el Distrito Sur de Texas a la moción de la Comisión Federal de Comercio (FTC) para una orden judicial preliminar para detener la adquisición. La FTC ha confirmado que no buscará medidas de emergencia ni impedirá la transacción.
Según el CEO Scott Thompson, la combinación creará la principal empresa global de ropa de cama verticalmente integrada. La empresa ha programado dos conferencias telefónicas: una el 6 de febrero de 2025 para discutir la transacción y otra el 20 de febrero de 2025 para revisar los resultados financieros del cuarto trimestre y del año completo 2024.
템퍼 실리 인터내셔널 (NYSE: TPX)는 매트리스 펌 그룹, 미국에서 가장 큰 매트리스 전문 소매업체의 인수를 완료할 수 있는 승인을 받았으며, 2025년 2월 5일에 마감될 예정이다. 이는 미국 텍사스 남부 지구의 연방 지방법원이 인수 중지를 위한 연방거래위원회(FTC)의 가처분 신청을 기각한 데 따른 것이다. FTC는 긴급 구제 요청이나 거래를 방해하지 않을 것이라고 확인했다.
스콧 톰프슨 CEO에 따르면, 이번 결합은 수직적으로 통합된 글로벌 침대 회사의 선두주자를 만들 것이다. 회사는 두 번의 컨퍼런스 콜을 예정하고 있다. 하나는 2025년 2월 6일에 거래를 논의하기 위해, 또 다른 하나는 2025년 2월 20일에 2024년 4분기 및 연간 재무 결과를 검토하기 위해 진행된다.
Tempur Sealy International (NYSE: TPX) a reçu l'autorisation de finaliser son acquisition du Mattress Firm Group, le plus grand détaillant spécialisé en matelas aux États-Unis, avec une clôture prévue le 5 février 2025. Cela fait suite au refus par le tribunal de district des États-Unis pour le district sud du Texas de la motion de la Federal Trade Commission (FTC) visant à obtenir une injonction préliminaire pour stopper l'acquisition. La FTC a confirmé qu'elle ne cherchera pas de mesures d'urgence ni n'empêchera la transaction.
Selon le PDG Scott Thompson, la combinaison créera la principale entreprise mondiale de literie intégrée verticalement. L'entreprise a prévu deux conférences téléphoniques : l'une le 6 février 2025 pour discuter de la transaction et l'autre le 20 février 2025 pour passer en revue les résultats financiers du quatrième trimestre et de l'ensemble de l'année 2024.
Tempur Sealy International (NYSE: TPX) hat die Genehmigung erhalten, die Übernahme der Mattress Firm Group, dem größten Fachhändler für Matratzen in den Vereinigten Staaten, abzuschließen, wobei der Abschluss für den 5. Februar 2025 geplant ist. Dies folgt auf die Ablehnung des Antrags der Federal Trade Commission (FTC) auf eine vorläufige einstweilige Verfügung zur Verhinderung der Übernahme durch das US-Bezirksgericht für den südlichen Distrikt von Texas. Die FTC hat bestätigt, dass sie keine Notfallmaßnahmen ergreifen oder die Transaktion verhindern wird.
Laut CEO Scott Thompson wird die Kombination das führende vertikal integrierte globale Bettwäscheunternehmen schaffen. Das Unternehmen hat zwei Telefonkonferenzen geplant: eine am 6. Februar 2025 zur Diskussion der Transaktion und eine weitere am 20. Februar 2025 zur Überprüfung der finanziellen Ergebnisse des vierten Quartals und des gesamten Jahres 2024.
- Legal clearance obtained for major strategic acquisition
- Creation of leading vertically integrated global bedding company
- Expansion into retail through acquisition of largest U.S. mattress specialty retailer
- FTC will not pursue further legal challenges to block the deal
- None.
Insights
The court's decision to clear Tempur Sealy's acquisition of Mattress Firm marks a transformative moment in the bedding industry. This strategic combination creates an unprecedented vertically integrated powerhouse, merging Tempur Sealy's premium manufacturing capabilities with Mattress Firm's dominant retail footprint of over 2,300 stores nationwide.
The merger's approval, despite FTC opposition, signals strong legal grounds for the combination and anticompetitive concerns. This vertical integration strategy should yield significant operational synergies through:
- Enhanced supply chain efficiency and inventory management
- Reduced distribution costs and improved margins
- Greater control over the customer experience from manufacturing to point-of-sale
- Increased market intelligence and faster product development cycles
The swift timeline for closing (February 5th) and the FTC's decision not to pursue emergency relief suggests minimal regulatory hurdles remain. The upcoming February 6th conference call will be important for investors seeking details on integration plans and synergy targets. The separate earnings call on February 20th will likely provide the first glimpse of how this transformative deal impacts Tempur Sealy's financial outlook and capital allocation strategy.
This consolidation reshapes the competitive landscape, potentially pressuring smaller manufacturers and retailers while creating a more resilient business model better positioned to navigate market cycles and evolving consumer preferences in the premium bedding segment.
Tempur Sealy Chairman and CEO Scott Thompson commented, "We are excited to move forward with our combination with Mattress Firm, which creates the leading vertically integrated global bedding company and which we strongly believe will bring significant benefits to all of our stakeholders."
Business Update Call
The Company will hold a conference call on Thursday, February 6, 2025 at 8:00 a.m. Eastern Time to discuss the transaction.
The Company has a separate conference call scheduled to discuss the Fourth Quarter and Full Year 2024 financial results on Thursday, February 20th, 2025 at 8:00 a.m. Eastern Time.
The calls will be webcast and can be accessed on the Company's investor relations website at investor.tempursealy.com. After the conference calls, webcast replays will remain available on the investor relations section of the Company's website for 30 days.
Forward-Looking Statements
This press release contains statements that may be characterized as "forward-looking" within the meaning of the federal securities laws. Such statements might include information concerning one or more of the Company's plans, guidance, objectives, goals, strategies, and other information that is not historical information. When used in this release, the words "will," "targets," "expects," "anticipates," "plans," "proposed," "intends," and variations of such words or similar expressions are intended to identify forward-looking statements. These forward-looking statements include, without limitation, statements relating to the Company's expectations regarding the expected Mattress Firm acquisition. Any forward-looking statements contained herein are based upon current expectations and beliefs and various assumptions. There can be no assurance that the Company will realize these expectations or that these beliefs will prove correct.
Numerous factors, many of which are beyond the Company's control, could cause actual results to differ materially from any that may be expressed herein as forward-looking statements. These potential risks include the Company's ability to close the Mattress Firm acquisition on the timeline indicated or at all; risks associated with Mattress Firm's ongoing operations; the ability to successfully integrate Mattress Firm into Tempur Sealy's operations and realize synergies from the transaction; the possibility that the expected benefits of the acquisition are not realized when expected or at all; general economic, financial and industry conditions, particularly conditions relating to the financial performance and related credit issues present in the retail sector, as well as consumer confidence and the availability of consumer financing; the impact of the macroeconomic environment in both the
About Tempur Sealy International, Inc.
Tempur Sealy is committed to improving the sleep of more people, every night, all around the world. As a leading designer, manufacturer, distributor and retailer of bedding products worldwide, we know how crucial a good night of sleep is to overall health and wellness. Utilizing over a century of knowledge and industry-leading innovation, we deliver award-winning products that provide breakthrough sleep solutions to consumers in over 100 countries.
Our highly recognized brands include Tempur-Pedic®, Sealy® and Stearns & Foster® and our popular non-branded offerings consist of value-focused private label and OEM products. At Tempur Sealy we understand the importance of meeting our customers wherever and however they want to shop and have developed a powerful omni-channel retail strategy. Our products allow for complementary merchandising strategies and are sold through third-party retailers, our over 750 Company-owned stores worldwide and our e-commerce channels. With the range of our offerings and variety of purchasing options, we are dedicated to continuing to turn our mission to improve the sleep of more people, every night, all around the world into a reality.
Importantly, we are committed to carrying out our global responsibility to protect the environment and the communities in which we operate. As part of that commitment, we have established the goal of achieving carbon neutrality for our global wholly owned operations by 2040.
Investor Relations Contact
Aubrey Moore
Investor Relations
Tempur Sealy International, Inc.
800-805-3635
Investor.relations@tempursealy.com
View original content:https://www.prnewswire.com/news-releases/tempur-sealy-cleared-to-close-acquisition-of-mattress-firm-302367812.html
SOURCE Tempur Sealy International, Inc.
FAQ
When will Tempur Sealy (TPX) complete the Mattress Firm acquisition?
What was the FTC's final decision on the Tempur Sealy-Mattress Firm merger?
When will TPX discuss the Mattress Firm acquisition details?
When will Tempur Sealy (TPX) report its Q4 2024 earnings?
