Manufacturing M&A » By The Online Investor Staff, updated Fri., Apr. 19, 5:57 AM
Recent mergers and acquisitions in the Manufacturing M&A category.
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Slide #15. Tempur Sealy — Sealy Brand Rights In Japan
Acquirer:
Tempur Sealy (NYSE:TPX)
Acquiree:
Sealy Brand Rights In Japan
Details:
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 designs, manufactures and distributes bedding products, which includes mattresses, foundations and adjustable bases, and other products, which include pillows and other accessories. Co.'s products are sold through third-party retailers, its Co.-owned stores and its e-commerce platforms. Co.'s North America segment consists of manufacturing and distribution subsidiaries, joint ventures and licensees located in the U.S., Canada and Mexico. Co.'s International segment consists of manufacturing and distribution subsidiaries, joint ventures and licensees located in Europe, Asia-Pacific and Latin America (other than Mexico).
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Avg. Broker Rec.
 
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Strong Buy (3.78 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: TPX Stock Forecast Based on Zacks ABR data; powered by Xignite |
