Sleep is the Ultimate Luxury Beautyrest Black® Hybrid Plus SAVE UP TO $500*† Wake Up Fully Charged Beautyrest Recharge Signature Select Ashaway Plush Queen Set Now $699.99 Was $799.99 EXPERIENCE THE BEST BRANDS AT THE BEST PRICES™ SLEEP INTEREST FREE UNTIL 2021 Minimum purchase of $3,499 with your Mattress Firm credit card. 48 Equal Monthly Payments until March 2021 required. SEE WHAT SPECIAL OFFERS ARE HAPPENING IN YOUR NEIGHBORHOOD! 0% APR: 3 years* with a minimum purchase of $2999, 2 years* with a minimum purchase of $1999 on your Mattress Firm credit card. or 24 equal monthly payments required. *Offer valid 2/27/17-3/12/17 and applies only to single-receipt qualifying purchases. No interest will be charged on promo purchase and equal monthly payments are required equal to initial promo purchaseamount divided equally by the number of months in promo period until promo is paid in full. The equal monthly payment will be rounded to the next highest
whole dollar and may be higher than the minimum payment that would be required if the purchase was a non-promotional purchase. account terms apply to non-promotional purchases. For new accounts: Purchase APR is 29.99%; Minimum Interest Charge is $2. Existing cardholders should see their credit card agreement for their applicable terms. Subject to credit approval. **Mattress Firm Bonus Cash: Offer valid 2/27/17-3/12/17. Purchase select mattress sets from select brands and receive up to $300 in BonusBonus Cash good towards in-store credit for free accessories including a luxury pillow (up to a $109.99 value), Premier mattress protector (up to a $119.99 value) or mattress frame (up to an $89 value). Bonus Cash breakouts are as follows: Purchase mattress sets from Beautyrest World Class or Serta SmartReact and get $100 in Bonus Cash; purchase sets from Beautyrest Legend, Beautyrest Black Hybrid, G.S. Stearns, or S&F Founders Hybrid and get $200 in Bonus Cash;
or purchase sets from Tempur-Pedic, Beautyrest Hybrid Plus or S&F Founders Reserve and get $300 in Bonus Cash. LuxLiving Black Ice and Hyperchill pillows and DreamFit sheets excluded from Bonus Cash offer. not available on floor sample purchases. Not valid towards mattress set purchase, previous purchases, special purchases, furniture or withHas no cash value, see store for details. *†Advertised dollar savings range from $50-$500. We invite you to ask about any individual prices. Product and selection may vary fromPhotography is for illustration purposes only and may not reflect actual product. Mattress Firm, Inc. strives for accuracy in our advertising, but errors in pricing and/or photography may occur. Mattress Firm reserves the right to correct any such errors. at the manufacturer’s minimum selling price and further reductions cannot be taken. Store hours may vary by location. offers valid 2/27/17-3/12/17 or while supplies last. See store for complete details.
Sealy (formerly the Sealy Corporation) is a brand of mattresses marketed and sold by Tempur Sealy International. Sealy draws its name from the city where the Sealy Corporation originally started, Sealy, Texas. In 1881, cotton gin builder Daniel Haynes lived in Sealy, Texas, located west of Houston. Haynes began making cotton-filled mattresses for his friends and neighbors. In 1889, he patented an invention that compressed cotton for use in his mattresses. Eventually the mattresses became so popular he was able to sell the patents to manufacturers in other markets. The term "Mattress from Sealy" was coined to describe what was produced. During 1906, after much success as an advertising executive, Earl Edwards purchased the patents and gained manufacturing knowledge from Haynes. Edwards took the name "Sealy" for his new company and expanded it to a national market. Due to lack of funding for manufacturing, Sealy expanded using a licensing-expansion similar to Coca-Cola.
By 1920, Sealy had 28 licensed plants and became the first mattress company to expand using a licensing program. During the Great Depression the mattress industry was hit hard. Sealy lost most of its licensees and narrowly escaped bankruptcy itself. During this time Sealy consolidated with the surviving licensees and created what is now known as Sealy, Incorporated. Sealy operated as a franchisor out of its Chicago headquarters and its licensees were, under the terms of their licensing agreement, only supposed to sell in a designated trading area that did not conflict with other franchisees. The largest licensee, Cleveland-based Ohio Mattress Company (founded by the Wuliger family and still operated by Ernest M. Wuliger), defied these restrictions and sold into markets reserved for other franchisees. The conflict resulted in Ohio Mattress filing an antitrust suit against Sealy in 1971. The issue was decided fifteen years later with a near-total victory for Ohio Mattress. Unable to come up with the $77m award, Sealy Incorporated and all but one of the other franchisees were forced to sell to Ohio Mattress, and the company became the world's largest bedding manufacturer by sales.
Merchant banking firm Gibbons Green Van Amerongen took Sealy private in an April 1989 leveraged buyout, a deal which netted Sealy shareholders US$965m. First Boston made a bridge loan to the buy-out firm just as Drexel Burnham Lambert was running into trouble and the junk bond market was drying up, and was stuck with the loan. The failed deal, known as "burning bed," led to a dramatic slow-down in leveraged buy-outs. Gibbons Green dissolved and First Boston was forced into the arms of Credit Suisse. In 1990 Ohio Mattress assumed the Sealy name that it had acquired when it purchased Sealy Inc. In 1998 Sealy announced that it was moving from Cleveland to the High Point, NC, area. Bain Capital and a team of Sealy's senior executives acquired the company in 1997. In 2004, the company was acquired by Kohlberg Kravis Roberts & Co. and a team of Sealy management. The deal was valued at $1.5 billion but included significant debt.[4] The company operated as a privately held corporation until 2005.
On June 30 of that year, it announced an initial public offering of common stock. The company said proceeds from the IPO would go to paying down debt, funding global operations and paying private equity firm Kohlberg Kravis Roberts to “terminate our future obligations under our management services agreement.” In September, 2012, Tempur-Pedic International (TPX) announced an agreement to purchase Sealy (NTSE:ZZ) for about US$229 million. Sealy's corporate headquarters are located in Trinity, NC. Although Sealy's website claims that they are the largest manufacturer of mattresses in the world, Tempur-Pedic had greater revenue than Sealy in 2011.[6] Sealy has 25 U.S. plants and a 17.8 percent share of the nation's mattress sales.[7] Sealy sells the majority of its mattresses under its three main brands, Sealy Posturepedic, Stearns & Foster and Bassett. There are licensees operating in Australia, Argentina, Bahamas, Colombia, Israel, Jamaica, Japan, New Zealand, South Africa, Thailand and the United Kingdom.