Sherwood Bedding specialises in low-cost, high-value private label and OEM products. Credit: Dennis Sylvester Hurd.

Mattresses and bedding products manufacturer Tempur Sealy has entered an agreement to purchase a majority stake in Sherwood Bedding.

US-based Sherwood Bedding specialises in low-cost, high-value private label and original equipment manufacturer (OEM) products for third-party retailers and the bedding market. The company operates four manufacturing facilities.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Tempur Sealy is planning to purchase an 80% stake in Sherwood Bedding in this deal, which is expected to be worth around $40m.

The deal will be financed using a mix of cash and borrowing under its existing credit facilities. It is expected to be concluded during the first quarter of 2020.

Tempur Sealy chairman and CEO Scott Thompson said: “Over the past nine years Sherwood Bedding has grown to become one of the most respected bedding producers in the industry.

“Sherwood Bedding’s flexible and efficient operating model, focused primarily on value and high-velocity price points, complements Tempur Sealy’s iconic brands, powerful distribution model, and supply chain. Together, we believe that we can build upon existing relationships to deliver more compelling products, branded and non-branded, than either business could on its own.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

With this acquisition, Tempur Sealy will enter the private label market with its branded products, including Tempur-Pedic, Sealy, and Stearns & Foster and Sherwood Bedding’s non-branded private label products.

The previous owner, Ellman Family, will continue to hold the remaining 20% ownership in Sherwood Bedding.

No changes will be made to the management and the company will operate as an independent business unit under Tempur Sealy.