Mattress Firm completes purchase of competitors

Houston - Mattress Firm Holding Corp. has completed its acquisition of the mattress specialty retail assets and operations of Back to Bed Inc., M World Mattress LLC, MCStores LLC and TBE Orlando LLC, which collectively operate Back to Bed and Bedding Experts retail stores in Illinois, Indiana and Wisconsin and Bedding Experts and Mattress Barn retail stores in Florida.



This acquisition, which was previously announced on Aug. 29, added approximately 135 mattress specialty retail stores to the Mattress Firm company-operated store base in both new and existing markets, primarily in the Chicago and Orlando metropolitan areas, for an aggregate purchase price of approximately $60 million, subject to customary adjustments. The purchase price was funded by cash reserves and revolver borrowings.



Mattress Firm expects to rebrand and transition Back to Bed, Bedding Experts and Mattress Barn stores into Mattress Firm stores and has begun the process of outfitting the newly acquired stores with Mattress Firm’s merchandising approach, product offerings, point-of-sale systems and sales programs.