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Bedding producer Sealy to raise prices across domestic product lines

24
Oct '05
Bedding manufacturer Sealy Inc announced that it will raise prices across all its domestic product lines to offset rising costs of raw materials used in the manufacture of its bedding products.

The industry has seen unprecedented cost increases in polyurethane foam as well as price hikes in fuel and other petroleum-based commodities as a result of this season's hurricane disasters. Polyurethane foam is one of the primary materials used in mattress construction.

The price increases will vary by product line and mattress size and are scheduled to take effect November 14.

Dave McIlquham, Chairman and Chief Executive Officer of Sealy stated that they've turned the corner on the supply chain issues relating to the shortage of TDI. Now, they're focused on working as thoughtfully as possible to help our retailers manage the impact of these costs on their businesses.

Working with customers and Sealy's international supply chain, Sealy has been able to increase its total supply of foam to meet forecasted customer demand.

Sealy produces and markets a broad range of mattresses and foundations under the Sealy, Sealy Posturepedic, Stearns & Foster and Bassett brand names. Sealy has the largest market share and consumer awareness of any bedding brand in North America and believes it to be the largest manufacturer of bedding in the world. Sealy produces and sells a full range of mattresses under the Sealy, Sealy Posturepedic, Stearns & Foster and Bassett brand names.

Sealy-branded licensed products include: crib mattresses, sheets, pillows, mattress pads and comforters, office chairs, futons and sleep sofas.

Sealy Inc


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