Lofty multiplr for Sealy testifies to brand's clout

Article Abstract:

Simmon's merger deal with Thomas H. Lee Partners and Sealy's merger deal with Kohelberg Kravis Roberts and Co. shows the interest of private equity firms in the bedding industry. KKR was attracted to Sealy because of it's international nature of it's business. The management is now looking to spread it's business in Fareast, specially China.

Analysis, Acquisitions and mergers, Column, Beliefs, opinions and attitudes, Perry, David (American entrepreneur)

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Sealy sells for $1.5 billion: KKR, management to acquire bedding leader

Article Abstract:

Bedding major, Sealy, declared that it would be sold to affiliates of Kohlberg Kravis Roberts & Co. for an approximate price of $1.5 billion. This is the second billion-dollar-plus deal announced in the bedding industry in four months, first being the sale of Simons to a group led by Thomas H. Lee partners, for a price of $1.1 billion.

Contracts & orders received, Contracts & orders let, Contracts, Contract agreement, Kohlberg Kravis Roberts & Co., Sealy

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Spring Air licensee open to buy

Article Abstract:

The bidding of Tampa, Fla. based Consolidated Bedding Inc., Spring Air's largest licensee, to buy several more Spring Air licensees in order to boost Spring Air's presence in a marketplace, as the industry's fourth-largest producer is discussed.

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