Mattress Firm Closes Acquisition of Mattress Giant
Posted on May 3, 2012 by
HOUSTON-Mattress Firm has completed its acquisition of regional mattress retailer Mattress Giant, a transaction that makes Mattress Firm the largest retailer of mattresses and accessories in the country.
Announced last month, the deal, which came at a $47 million price tag, gives Mattress Firm an additional 180 stores in seven markets throughout Texas and Florida. This pushes Mattress Firm's total store count to more than 900.
Mattress Firm said it expects to rebrand and transition Mattress Giant stores into Mattress Firm stores. The company is now beginning the process of outfitting the newly acquired stores with Mattress Firm's product offerings and its Comfort by Color patented merchandising approach.