Tempurpedic Mattress Stores
The latest deal in a string to consolidate the mattress industry includes the acquisition of Sleep America. The combined company will have approximately 3500 stores in 48 US states. The combined company will be able to save $40 million each year through cost savings. Mattress Firm expects to increase its profit per share by a low single digit percent in the first year of the deal. Further, it plans to add 55 stores in Texas and Dallas.