Somnigroup will operate over 2,800 retail locations worldwide
/Starting on Feb. 18, 2025, a name you’ve never heard will be the world’s largest mattress company that manufactures, wholesales and retails bedding products: Somnigroup International. The name is derived from “somn” meaning sleep in Latin, and “omni” meaning all.
Somnigroup is none other than Tempur Sealy International, which is rebranding its corporate name later this month after closing its $5 billion acquisition of Mattress Firm Group this week.
The Mattress Firm, Dreams and Tempur Sealy businesses will operate as decentralized units. Under Somnigroup, Mattress Firm and Dreams will continue to operate as retailers of multibranded bedding products. Tempur Sealy will continue to manufacture bedding for multiple retailers including its affiliated Mattress Firm, Dreams and its own DTC omnichannel.
The U.S. Federal Trade Commission had placed a preliminary injunction last year to stop the takeover but a U.S. District Court judge in the Southern District of Texas ruled in favor of the merger last month, which paved the way for completing the acquisition. The company will sell 73 Mattress Firm locations and the Sleep Outfitters USA retail chain, which includes another 103 stores to help appease antitrust regulator’s concerns.
Somnigroup will operate over 2,800 retail locations worldwide after the divestitures are completed in the second quarter of this year.