The company said the acquisition is expected to nearly double its international sales and increase Tempur Sealy’s global sales through its direct channel to more than $1 billion.
Tempur Sealy announced the acquisition in May.
“We are pleased to officially welcome Dreams to the Tempur Sealy family. The entire Dreams leadership team has joined the company, where they will operate Dreams as an independent business unit,” said Scott Thompson, chairman and CEO. “The addition of Dreams to the organization furthers our vertical integration and omnichannel growth strategies. Together, we expect over time to leverage our combined track records of operational excellence to realize synergies and drive profitability.”
The company said the acquisition will diversify its global sales, broaden the company’s retail sales capabilities, accelerate its growth in the U.K., establish wholly owned U.K. manufacturing and distribution assets, and complement the company’s existing operations in the region.
I’m Sheila Long O’Mara, executive editor at Furniture Today. Throughout my 25-year career in the home furnishings industry, I have been an editor with a number of industry publications and spent a brief stint with a public relations agency where I worked with some of the industry’s leading bedding brands. I rejoined Furniture Today in December 2020 with a focus on bedding and sleep products. It’s a homecoming for me, as I was a writer and editor with Furniture Today from 1994 until 2002. I’m happy to be back and look forward to telling the important stories impacting bedding retailers and manufacturers.