Sleep Innovations Acquisition Final
Home & Textiles Today Staff -- Home Textiles Today, December 28, 2012
WEST LONG BRANCH, N.J. - The previously announced acquisition of foam bedding maker Sleep Innovations by an affiliate of Sun Capital Partners has been completed.
Terms of the private transaction were not disclosed.
"Sleep Innovations is pleased to join the Sun Capital portfolio," said Michael Thompson, president and ceo of Sleep Innovations. "This partnership will fuel our continued investment in research and development, expand our operations, drive new product and category innovation and accelerate our strategic growth plan."
"Sun Capital has deep experience in the bedding market, most notably with bedding product retailer Mattress Firm, which was successfully exited in 2007 at an attractive return," said Marc Leder, co-ceo at Sun Capital. "Sleep Innovations will benefit from our extensive experience in the bedding and retail industries as the Company looks to continue on its growth trajectory."
Sleep Innovations introduced more than 70 new products in 2011, and has more than 140 new products currently in development, according to the announcement.
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