to block mattress maker Tempur Sealy from buying retail chain Mattress Firm, a merger that regulators said would suppress competition and lead to higher prices.
The $4 billion merger, announced in May 2023, would combine the mattress manufacturer, which owns brands Stearns & Foster and Tempur-Pedic, with the nation’s largest mattress retailer. Regulators said that vertical acquisition would give the company “enormous power at multiple parts of the mattress supply chain” and potentially cut off access to the biggest retail chain for other mattress suppliers.
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FTC unanimously moves to block Tempur Sealy's purchase of Mattress FirmThe Federal Trade Commission has unanimously voted to bring a lawsuit against mattress maker Tempur Sealy to block its $4 billion acquisition of Mattress Firm, saying the deal would allow the world’s largest mattress supplier to suppress competition that would result in higher prices for shoppers.
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