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| Company type | Subsidiary |
|---|---|
| Industry | Mattresses and Pillows |
| Founded | 1992 |
| Headquarters | Coldstream Research Campus, Lexington, Kentucky, United States |
| Parent | Tempur Sealy International (2012–present) |
| Website | Official website |
Tempur-Pedic International, Inc., now part of Tempur Sealy International, is a manufacturer and distributor of mattresses and pillows made from viscoelastic foam. The company is headquartered on the Coldstream Research Campus in Lexington, Kentucky and has manufacturing plants in Duffield, Virginia and Albuquerque, New Mexico.[1][2]
History
The first Tempur-Pedic mattress was introduced by Fagerdala World Foams, a Swedish technical foam firm. The brand was brought to the United States in 1992 and the company Tempur-Pedic, Inc. was founded.[3] Nine distributors of Fagerdala, including Tempur-Pedic, Inc., merged in 1999 to form Tempur World Holding Company, reformed in 2002 as Tempur-Pedic International Inc. The company went public in 2003.[4] In 2012, Tempur-Pedic and Sealy Corporation announced plans to merge.[5] Tempur-Pedic paid $228.6 million, but the two companies operate separately.[6]
Price fixing settlement
In 2015, Tempur-Pedic's German subsidiary was fined €15.5 million by the German Federal Cartel Office for engaging in vertical price fixing between August 2005 and July 2011.[7][8]
See also
References
- ^ "What we believe". Tempur-Pedic North America, LLC. Retrieved June 22, 2014.
- ^ "Tempur+Sealy: Investor FAQ". Tempur-Pedic Management, LLC. Retrieved June 22, 2014.
- ^ "Business Week, August 15th, 2008". Businessweek.com. August 14, 2005. Archived from the original on November 11, 2005. Retrieved July 12, 2012.
- ^ Capital, Renaissance. "Tempur-Pedic is IPO of the week". MarketWatch. Retrieved November 27, 2015.
- ^ Mason, Nick. "Tempur-Pedic User Reviews". sleepaider. Retrieved November 27, 2015.
- ^ Richard M. Barron, "Tempur-Pedic buys Trinity-based Sealy for $228.6 million in cash," News & Record, September 28, 2012.
- ^ "Tempur Sealy International settles with Germany's Federal Cartel Office". thefurnishingreport.com. October 23, 2015. Retrieved January 24, 2023.
- ^ Krause, Martin (October 22, 2015). "Steinhagener Matzratzenhersteller Tempur muss 15,5 Millionen Euro Bußgeld zahlen". Neue Westfälische (in German). Retrieved January 24, 2023.
External links
- Tempur-Pedic website
- Tempur UK
38°05′20″N 84°31′08″W / 38.0888°N 84.5190°W / 38.0888; -84.5190