Tempur-Pedic

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Tempur-Pedic International Inc.
TypeSubsidiary
IndustryMattresses and Pillows
Founded1992; 31 years ago (1992)
HeadquartersColdstream Research Campus,
Lexington, Kentucky,
United States
ParentTempur Sealy International
(2012–present)
WebsiteOfficial website Edit this at Wikidata

Tempur-Pedic International, Inc., now part of Tempur Sealy International, is a manufacturer and distributor of mattresses and pillows made from viscoelastic foam. The company is headquartered on the Coldstream Research Campus in Lexington, Kentucky and has manufacturing plants in Duffield, Virginia and Albuquerque, New Mexico.[1][2]

Tempur was originally based on NASA's research to develop a material that would cushion aircraft seats and improve survivability in the event of an accident.[2][3]

History

The first Tempur-Pedic mattress was introduced by Fagerdala World Foams, a Swedish technical foam firm. The brand was brought to the United States in 1992 and the company Tempur-Pedic, Inc. was founded.[4] Nine distributors of Fagerdala, including Tempur-Pedic, Inc., merged in 1999 to form Tempur World holding company, reformed in 2002 as Tempur-Pedic International Inc. The company went public in 2003.[5] In 2012, Tempur-Pedic and Sealy Corporation announced plans to merge.[6] Tempur-Pedic paid $228.6 million, but the two companies operate separately.[7]

Tempur-Pedic won a 2009 Electronic Retailing Association (ERA) award for direct marketing.[8]

Price fixing settlement[edit]

In 2015, Tempur-Pedic's German subsidiary was fined €15.5 million by the German Federal Cartel Office for engaging in vertical price fixing between August 2005 and July 2011.[9][10]

See also[edit]

References[edit]

  1. ^ "What we believe". Tempur-Pedic North America, LLC. Retrieved June 22, 2014.
  2. ^ a b "Tempur+Sealy: Investor FAQ". Tempur-Pedic Management, LLC. Retrieved June 22, 2014.
  3. ^ "NASA spinoff database". Sti.nasa.gov. Archived from the original on October 3, 2006. Retrieved July 12, 2012.
  4. ^ "Business Week, August 15th, 2008". Businessweek.com. August 14, 2005. Retrieved July 12, 2012.
  5. ^ "Tempur-Pedic is IPO of the week". MarketWatch. Retrieved November 27, 2015.
  6. ^ Mason, Nick. "Tempur-Pedic User Reviews". sleepaider. Retrieved November 27, 2015.
  7. ^ Richard M. Barron, "Tempur-Pedic buys Trinity-based Sealy for $228.6 million in cash," News & Record, September 28, 2012.
  8. ^ "ERA Announces Winners of Its Annual Awards Honoring Industry's Best Direct Response Campaigns". Digitalproducer.digitalmedianet.com. September 17, 2009. Retrieved May 21, 2012.
  9. ^ "Tempur Sealy International settles with Germany's Federal Cartel Office". thefurnishingreport.com. October 23, 2015. Retrieved January 24, 2023.
  10. ^ Krause, Martin (October 22, 2015). "Steinhagener Matzratzenhersteller Tempur muss 15,5 Millionen Euro Bußgeld zahlen". Neue Westfälische (in German). Retrieved January 24, 2023.

External links[edit]

Coordinates: 38°05′20″N 84°31′08″W / 38.0888°N 84.5190°W / 38.0888; -84.5190