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Mattress Firm to buy 310-store Sleep Train for $425 million
Houston -- In a deal that will create a national specialty bedding retail powerhouse, Mattress Firm Holding Corp. has agreed to acquire rival The Sleep Train Inc. for about $425 million. As part of the deal, Mattress Firm said that it will also assume certain additional liabilities totaling about $15 million.
Sleep Train operates approximately 310 specialty mattress stores, primarily in California, Oregon, and other Western states. It reported net sales of $471 million for the 2013 fiscal year.
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Mattress Firm rolls out Genesis Credit financing option
Houston -- Mattress Firm Holding Corp. has completed its rollout of Genesis Credit second-look financing, which is powered by Genesis Financial Solutions. Genesis Credit allows customers with less-than-perfect credit to purchase goods and services from any Mattress Firm location.
