LEXINGTON, Ky. — Tempur Sealy International Inc. said Monday that it has achieved substantial compliance with the Federal Trade Commission’s second request for documents and information related to its acquisition of Mattress Firm.
The company announced its planned $4 billion acquisition of the mattress retailer in May, and this is the latest step it has taken as part of the Hart-Scott-Rodino Antitrust Improvements Act of 1976 required as part of the purchase.
Tempur Sealy said that pending its meeting other closing conditions and receipt of other regulatory approvals, it expects to close the acquisition in mid- to late 2024.
“We are excited about the long-term growth prospects for our global company and believe a combination with Mattress Firm will further accelerate our shared opportunities,” said Tempur Sealy Chairman and CEO Scott Thompson. “This combination will complement Tempur Sealy’s extensive product development and manufacturing capabilities with vertically integrated retail, bringing Tempur Sealy closer to consumers and facilitating continued innovation.”