Manufacturing

Business & Economy
6:00 am
Fri September 28, 2012

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.

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