Tempur Sealy Invests in L.A., Mexico, South Korea Operations
December 14, 2016,
LEXINGTON, Ky.-Tempur Sealy said it will move and upgrade its Los Angeles-area Sealy plant and expand its manufacturing facility in Toluca, Mexico, and has opened a new facility near the South Korean capital of Seoul.
The California facility will be relocated from its current site in South Gate, Calif., to another in the Los Angeles area and will be modernized with a new distribution center. Tempur Sealy is seeking a location close to where the work force in the current facility lives. The new location is expected to be operational in 2018.
For the Mexican plant, Tempur Sealy is purchasing land adjacent to the facility for the purpose of expanding it. This project is expected to increase the facility’s capacity and productivity.
“We are thrilled to announce our intention to make these long-term investments in the operations of our worldwide business,” said Scott Thompson, Tempur Sealy chairman, president and CEO. “The capital invested in these facilities highlights our commitment to quality product and growth of the company.”
Responding to a request for comment from HFN, a Tempur Sealy spokeswoman said the company could not disclose the amount of the investment in these moves, but added that the amount is "in line with the planned capital investment for 2016."
Other Articles By Author
Von Tobel Cites Brass Textures Among Top Trends
HFN's DIGITAL EDITION
2017 State of the Industry Report
Cautious Optimism, Mixed Results
Many expected 2016 would be a banner year, but the political and economic climate softened consumer confidence. It was also a year consumers spent more lavishly on home remodeling rather than decorating.
ALSO IN THIS ISSUE:
- TJX Unveils First U.S. Homesense Store - In a time when retailers are reducing store counts, TJX continues to get physical.
- Ikea’s Fluid Spaces - The retailer’s new intros reflect multifunctional rooms.
- N.Y. Home Fashions Market Preview - Textile textures get soft and cozy, colors warmer.