FTC - Federal Trade Commission

07/03/2024 | Press release | Distributed by Public on 07/03/2024 12:56

Tempur Sealy International, Inc. and Mattress Firm Group Inc., In the Matter of - The Federal Trade Commission moved to block Tempur Sealy International, Inc.’s (Tempur Sealy)[...]

Last Updated
July 3, 2024
Case Status
Pending
FTC Matter/File Number
231 0016
Docket Number
9433

Case Summary

The Federal Trade Commission moved to block Tempur Sealy International, Inc.'s (Tempur Sealy) proposed $4 billion acquisition of Mattress Firm Group Inc. (Mattress Firm).

The Commission issued an administrative complaint and authorized a lawsuit in federal court to block the acquisition, alleging that Tempur Sealy-the world's largest mattress supplier and manufacturer-will have the ability and incentive to suppress competition and raise prices for mattresses for millions of consumers once it acquires Mattress Firm.