Mattress Firm is a well-known retailer of mattresses and bedding accessories in the United States. The company has a long history of growth and expansion through strategic acquisitions. In this article, we will take a closer look at the top 10 acquisitions in Mattress Firm's history.Introduction
Mattress Firm Acquisition History
Since its inception in 1986, Mattress Firm has been on a mission to become the leading mattress retailer in the country. The company has achieved this goal through a combination of strong marketing, excellent customer service, and strategic acquisitions. Let's dive into the top 10 acquisitions that have shaped Mattress Firm into the powerhouse it is today.Mattress Firm Acquisition History
Mattress Firm Acquired by Steinhoff International
In 2016, Mattress Firm caught the eyes of global retail conglomerate Steinhoff International. The South African company acquired Mattress Firm for a whopping $3.8 billion, making it the largest acquisition in the history of the mattress industry. This acquisition gave Mattress Firm access to Steinhoff's extensive global network and resources, giving the company a significant boost in its growth trajectory.Mattress Firm Acquired by Steinhoff International
Mattress Firm Acquires Sleepy's
In 2015, Mattress Firm acquired its largest competitor, Sleepy's, in a deal worth $780 million. This acquisition added over 1,000 new stores to Mattress Firm's portfolio, making it the largest mattress retailer in the country. The acquisition also gave Mattress Firm access to Sleepy's strong customer base and established market presence, strengthening its position as the leader in the industry.Mattress Firm Acquires Sleepy's
Mattress Firm Acquires Sleep Train
In 2014, Mattress Firm announced the acquisition of Sleep Train, a leading mattress retailer on the West Coast. This acquisition added over 300 stores to Mattress Firm's network, expanding its reach to new markets in California, Oregon, and Washington. The deal also gave Mattress Firm access to Sleep Train's popular private label brands, further diversifying its product offerings.Mattress Firm Acquires Sleep Train
Mattress Firm Acquires Mattress Giant
In 2012, Mattress Firm made its first major acquisition by acquiring Mattress Giant, a retailer with 180 stores in the Southeast. This deal gave Mattress Firm a strong foothold in states like Florida, Georgia, and Texas, where it previously had little presence. The acquisition also helped Mattress Firm expand its product offerings and reach a wider audience.Mattress Firm Acquires Mattress Giant
Mattress Firm Acquires Back to Bed
In 2011, Mattress Firm acquired Back to Bed, a Chicago-based mattress retailer with 135 stores. This deal added a significant number of stores to Mattress Firm's network and helped the company establish a presence in the Midwest. The acquisition also gave Mattress Firm access to Back to Bed's popular private label brands and exclusive products.Mattress Firm Acquires Back to Bed
Mattress Firm Acquires Bedding Experts
In 2010, Mattress Firm acquired Bedding Experts, a retailer with 45 stores in Illinois and Indiana. This deal helped Mattress Firm expand its reach to new markets and strengthen its presence in the Midwest. The acquisition also gave Mattress Firm access to Bedding Experts' experienced team and loyal customer base.Mattress Firm Acquires Bedding Experts
Mattress Firm Acquires Mattress Pro
In 2008, Mattress Firm acquired Mattress Pro, a retailer with 53 stores in Texas. This deal gave Mattress Firm a stronger presence in its home state and helped the company expand into new markets in rural areas. The acquisition also helped Mattress Firm diversify its product offerings and increase its market share.Mattress Firm Acquires Mattress Pro
Mattress Firm Acquires Mattress Xpress
In 2007, Mattress Firm acquired Mattress Xpress, a retailer with 29 stores in Southern California. This deal helped Mattress Firm establish a presence in the highly competitive California market and expand its reach to new customers. The acquisition also gave Mattress Firm access to Mattress Xpress' popular private label brands and exclusive products.Mattress Firm Acquires Mattress Xpress
Mattress Firm Acquires Mattress Barn
The Growth of Mattress Firm through Strategic Acquisitions
Mattress Firm is a household name in the bedding industry, known for its wide selection of mattresses and exceptional customer service. But what many may not know is that the company's success and growth can be attributed to its strategic approach to acquisitions.
Expanding Reach and Dominance
Since its founding in 1986, Mattress Firm has grown into the largest specialty bedding retailer in the United States. A major factor in this success is the company's aggressive acquisition strategy. By acquiring smaller regional and local mattress stores, Mattress Firm has been able to rapidly expand its reach and dominance in the market.
One of the biggest and most notable acquisitions in Mattress Firm's history was the 2007 purchase of its largest competitor, Sleepy's. This move allowed Mattress Firm to solidify its position as the top specialty bedding retailer and increase its market share significantly.
Increased Product Offerings
Through its acquisitions, Mattress Firm has also been able to diversify its product offerings. By bringing in smaller, specialized mattress stores, Mattress Firm has added unique and niche products to its inventory. This has allowed the company to cater to a wider range of customer needs and preferences, strengthening its appeal and customer base.
In 2012, Mattress Firm acquired Mattress Giant, a move that not only expanded its reach but also added high-end luxury brands to its product lineup. This acquisition allowed Mattress Firm to tap into a new market segment and offer a wider range of high-quality products to its customers.
Staying Ahead of the Competition
In the constantly evolving retail landscape, it is crucial for businesses to stay ahead of the competition. Mattress Firm has been able to do just that through its strategic acquisitions. By acquiring smaller mattress stores, the company has not only expanded its reach and product offerings but also stayed ahead of its competitors.
One of the most recent and significant acquisitions by Mattress Firm was the 2016 purchase of Sleepy's parent company, HMK Mattress Holdings LLC. This move not only solidified Mattress Firm's position as the top specialty bedding retailer but also eliminated a major competitor from the market.
In conclusion, Mattress Firm's growth and success can be attributed to its strategic approach to acquisitions. By expanding its reach, diversifying its product offerings, and staying ahead of the competition, Mattress Firm has established itself as a leader in the bedding industry. And with its continued focus on strategic acquisitions, the company is poised for even more growth and dominance in the years to come.
