Bringing The World Home To You

© 2024 WUNC North Carolina Public Radio
120 Friday Center Dr
Chapel Hill, NC 27517
919.445.9150 | 800.962.9862
91.5 Chapel Hill 88.9 Manteo 90.9 Rocky Mount 91.1 Welcome 91.9 Fayetteville 90.5 Buxton 94.1 Lumberton 99.9 Southern Pines 89.9 Chadbourn
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Triad-Based Sealy To Be Acquired By Rival

Triad-based mattress giant Sealy is being acquired by rival Tempur-Pedic. The Lexington, Kentucky-based leader in foam mattresses will pay about $228 million in cash, and assume or pay back all of Sealy's outstanding debt. The merger would create the world's largest bedding company. Tempur-Pedic CEO Mark Sarvary says no major changes are expected in how either company is run.

"The two companies will run independently - obviously until closing, but afterwards too. We do intend to keep the 2 companies separate. What I do foresee however is leveraging each other's product development, because I think there's opportunities for both of us to teach each other, and I think that's what we're going to see first," says Sarvary.

The buyout is expected to close early next year. Sealy operates a research and development center in High Point; company officials suggested there could be some consolidation in R&D...or there might be new investment. Sealy CEO Larry Rogers will remain in his post, reporting to Sarvary.

Isaac-Davy Aronson is WUNC's morning news producer and can frequently be heard on air as a host and reporter. He came to North Carolina in 2011, after several years as a host at New York Public Radio in New York City. He's been a producer, newscaster and host at Air America Radio, New York Times Radio, and Newsweek on Air.
More Stories