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Tempur Sealy ( (TPX) ) has issued an update.
On February 5, 2025, Tempur Sealy International completed its acquisition of Mattress Firm Group Inc., the largest mattress specialty retailer in the U.S., for approximately $5 billion. This acquisition is expected to bolster Tempur Sealy’s omni-channel strategy, forming a leading global bedding company. Concurrently, the company announced a name change to Somnigroup International Inc., effective February 18, 2025, reflecting its expanded operations and strategy. The company also expanded its board by appointing Peter Sachse as an independent director.
More about Tempur Sealy
Tempur Sealy International, Inc., a leading designer, manufacturer, distributor, and retailer of bedding products, is known for its brands such as Tempur-Pedic, Sealy, and Stearns & Foster. The company operates globally, offering products through third-party retailers, company-owned stores, and e-commerce channels, with an omni-channel retail strategy.
YTD Price Performance: 16.07%
Average Trading Volume: 1,756,077
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $11.25B
For detailed information about TPX stock, go to TipRanks’ Stock Analysis page.