FTC votes to block merger of Tempur Sealy and Mattress Firm

📆 02/07/2024 21:07:00
📰 washingtonpost

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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.

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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