Tempur-Pedic Acquires Canadian Distributor

LEXINGTON, Ky.-Tempur-Pedic has purchased its Canadian distributor, Tempur Canada.

The terms of the transaction were not disclosed. With this acquisition, Tempur Canada has become Tempur-Pedic's wholly owned Canadian subsidiary, and will continue to distribute the parent company's products throughout that country. Over the past four years, Tempur-Pedic has swung similar deals with distributors in Austria, Australia, China and New Zealand.

Mark Sarvary, Tempur-Pedic's chief executive officer, said the company is committed to growing its share of the Canadian mattress market. "We will increase our investments in advertising and sales initiatives, which over time we believe will drive significant sales and earnings growth," he said.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.

Videos

  • Adriana Hoyos Relaunches Brand at High Point Market

    Camera Icon   More Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN cover for September 2017

    HFN's DIGITAL EDITION

    September 2017


    COVER STORY:

    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.