Sealy Corporation, the largest bedding manufacturer in the world, has acquired a non-controlling interest in Comfort Revolutio, a company known for innovative foam products that offer an especially comfortable night's sleep.
Headquartered in West Long Branch, New Jersey, Comfort Revolution will continue to be led by Founder and CEO Michael Fux, and his management team will continue to control the company's day-to-day operations.
"Comfort Revolution has a track record of success. Their skill in developing and taking to market breakthrough specialty foam and gel bedding products complements Sealy's portfolio of specialty mattress products," says Sealy President and Chief Executive Officer Larry Rogers. "Michael's reputation in the industry, supplier contacts, relationships with major customers and legacy of innovation truly set the company apart."
Following Sealy's announcement last fall to create a separate division to focus on specialty mattress products, this latest move signals Sealy is taking a broader approach to the entire specialty products category and is willing to invest in new technologies and expertise to drive growth.
"Sealy's long term vision is to be a total sleep solution provider, which extends beyond our traditional mattress business, and our strategic partnership with Comfort Revolution is a very big step for us in that direction," said Rogers.
The companies saw exciting possibilities for a long-term strategic relationship to introduce new products around the world. Sealy has been a leader in mattresses since 1881, and Comfort Revolution foam products have received a strong response in the United States.
"Sealy gives us the strength to reach around the globe with our revolution in comfort, and the resources to explore even-more innovative solutions," Fux says.
Sealy and Comfort Revolution will immediately begin selling portable/bed in a box foam mattresses under both brands and anticipate launching specialty foam pillows and toppers under the Sealy brands in early 2013.
Sealy owns one of the largest bedding brands in the world, with sales of $1.2 billion in fiscal 2011.
Comfort Revolution, headquartered in West Long Branch, New Jersey, is a leading developer and marketer of high-end sleep products.
Apparel/Garments | On 3rd Dec 2016
Myntra is on track to achieve sustainable growth and be EBITA...
Textiles | On 3rd Dec 2016
The India International Textile Machinery Exhibition (India ITME)...
Textiles | On 3rd Dec 2016
Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...
The biggest challenge is lack of skilled workforce and competition from...
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016
'Major problem in the textile machinery manufacturing industry is the lack ...
Sanjay Desai & Ashish Mulani
Digital textile printing will be the technology of the future
Voith Paper GmbH & Co. KG
The glass mat industry is growing by five to eight per cent annually. Kai...
Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...
Technical Absorbents Ltd
Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...