• Dean Horowitz

Mattress Firm being acquired

Steinhoff International acquiring Mattress Firm for $2.4 Billion according to Bloomberg.

Bloomberg states "Steinhoff offered $64 a share in cash, more than double Friday's $29.74 closing pricing for Houston-based Mattress Firm." In November 2015, Mattress Firm purchased Sleepy's for $780 million.  Steinhoff's strategic drivers, according to investor relations, are:

  • Footprint expansion
  • Continuous investment in stores
  • eCommerce
  • Vertical integration of supply chain
  • Sourcing expertise and infrastructure
  • Logistics expertise

Steinhoff, based in Cape Town, South Africa is known as "Africa's Ikea."


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Scott Brothers at High Point Market with Bill McLoughlin

See our videos from the Spring 2017 High Point Market featuring coverage of the Scott Brothers, Christopher Guy, 3D furniture printing, and our Habitat for Humanity building project. Video coverage sponsored by AcceptanceNOW.