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Slide #15. Tempur Sealy — Sealy Brand Rights In Japan
Tempur Sealy (NYSE:TPX)
Sealy Brand Rights In Japan
Tempur Sealy International, Inc. (NYSE: TPX), the world's largest bedding provider, today announced it has signed a definitive agreement to acquire the Sealy brand rights in Japan and certain assets from its former licensee. The Company anticipates closing the transaction, which is subject to customary closing conditions, during its fiscal third quarter of 2014. Financial terms were not disclosed.
Tempur Sealy International is engaged in designing, manufacturing and distributing bedding products. Co. has an offering of products that appeal to a range of consumers, some of which are covered by one or more patents and/or patent applications. Co.'s portfolio of product brands includes Tempur®, Tempur-Pedic®, Sealy® featuring Posturepedic® Technology, Stearns & Foster® and Comfort Revolution®. Co. operates in two segments: North America and International. These segments are business units that are managed separately based on geography.
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