Advertisement
YOU ARE HERE: LAT HomeCollectionsSealy Corp
IN THE NEWS

Sealy Corp

FEATURED ARTICLES
BUSINESS
April 7, 2006 | From Bloomberg News
Sealy Corp., the world's largest mattress maker, raised $448 million in an initial public offering that will enable its owner, Kohlberg Kravis Roberts & Co., to more than double its investment in two years. The maker of the Sealy Posturepedic mattress sold 28 million shares at $16 each, a person involved in the transaction said Thursday. The IPO price range was $14 to $16 a share. The company's stock will trade on the New York Stock Exchange under the symbol ZZ.
ARTICLES BY DATE
BUSINESS
April 7, 2006 | From Bloomberg News
Sealy Corp., the world's largest mattress maker, raised $448 million in an initial public offering that will enable its owner, Kohlberg Kravis Roberts & Co., to more than double its investment in two years. The maker of the Sealy Posturepedic mattress sold 28 million shares at $16 each, a person involved in the transaction said Thursday. The IPO price range was $14 to $16 a share. The company's stock will trade on the New York Stock Exchange under the symbol ZZ.
Advertisement
BUSINESS
November 18, 2003 | From Bloomberg News
Thomas H. Lee Partners, the world's second-biggest buyout firm, agreed to buy Simmons Co. in a transaction valuing the maker of Beautyrest and BackCare mattresses at $1.1 billion. Simmons was started 132 years ago by Zalman Simmons to build wooden cheese boxes. Today, the Atlanta-based company is the second-largest bedding maker, after Sealy Corp. Simmons had earnings of $24 million in 2002 and revenue of $670 million. Thomas H.
BUSINESS
March 5, 2004
* Tenet Healthcare Corp. said Richard R. Pettingill, president and chief executive of Minneapolis-based Allina Hospitals & Clinics, had been elected to the company's board. * Kohlberg Kravis Roberts & Co., a buyout firm, agreed to pay $1.5 billion for Sealy Corp., the fourth time in 15 years that the largest U.S. mattress maker has changed hands. * PepsiCo Inc. nudged its share of U.S. soft-drink sales last year to the highest level since 1992 by taking sales from No. 1 Coca-Cola Co.
BUSINESS
September 27, 2012 | By Tiffany Hsu
Tempur-Pedic International Inc. is getting into bed with rival Sealy Corp. for $2.20 a share, the companies said Thursday. Together, the mattress-makers will become a bedding giant  worth $2.7 billion in an industry already crowded with competitors such as Serta Inc. and Simmons Bedding Co. Lexington, Ky.-based Tempur-Pedic has been around since the early 1990s and is known for its pressure-relieving memory foam products, which according to...
BUSINESS
February 7, 2007 | David Colker, Times Staff Writer
By a window with a view of a lake, two men hand-stitch a mattress pad in a time-honored manner by passing a foot-long sewing needle back and forth through a frame. Nearby, a worker stuffs a pillow casing with pure wool while another attaches mattress springs, one by one, to a grid. But this is not a quaint bedding museum.
NEWS
October 1, 2000 | ALAN ABRAHAMSON, TIMES STAFF WRITER
And now the Olympic stage shifts away from Sydney toward Salt Lake City and the 2002 Winter Games. America, meet Mitt Romney. Practical and plain-spoken, he may yet rescue what not so long ago seemed an unsalvageable wreck.
SPORTS
February 8, 2002 | ALAN ABRAHAMSON, TIMES STAFF WRITER
When Mitt Romney took over the Salt Lake City Winter Olympics three years ago, the outlook was grim. The Games were embroiled in a bribery scandal. Cost overruns were in the hundreds of millions. Sponsors were steering clear. And volunteer spirit in Salt Lake and Utah was--to be kind--low. Some wondered quietly whether the Games could be held at all. Romney moved swiftly, relying on the skills and hands-on tactics that made him one of the nation's most successful venture capitalists.
Los Angeles Times Articles
|