• 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."


  • Automated trucking, final mile and what's new with Amazon

    Camera Icon More Videos

Digital Edition

Furniture Today Digital Edition

See the digital edition of Furniture/Today, which allows you to flip through the pages, click on any underlined area to visit a website or send an e-mail, search to find content in the magazine, or share pages with your friends. See the latest issue!