Sun Capital Partners has entered into an agreement to acquire Sleep Innovations, a designer, manufacturer and marketer of memory foam products, including pillows, mattress toppers and mattresses.
“Sun Capital has deep experience in the bedding market, most notably with bedding product retailer Mattress Firm, which was successfully exited in 2007 at an attractive return,” said Marc Leder, Co-Chief Executive Officer at Sun Capital. “Sleep Innovations will benefit from our extensive experience in the bedding and retail industries as the company looks to continue on a growth path.”
Sleep Innovations manufactures standard and specialty polyurethane foam sold to end markets for use in bedding, furniture, auto, packaging and consumer products, and to be sold through the company’s retail division. Sleep Innovations products can be found in multiple retail outlets including warehouse clubs, department stores, and through e-commerce sites. The company’s retail brands include Novaform, Bodipedic and Sleep Innovations, and it also sells products under licensed and private retail brands. The company is headquartered in West Long Branch, NJ (www.sleepinnovations.com).
Sun Capital Partners is a private investment firm focused on leveraged buyouts, equity, debt, and other investments in market-leading companies that can benefit from its in-house operating professionals and experience. Sun Capital affiliates have invested in and managed more than 300 companies worldwide with combined sales in excess of $45 billion since Sun Capital’s inception in 1995. The firm has offices in Boca Raton, Los Angeles, and New York as well as affiliates with offices in London, Paris, Frankfurt, Luxembourg, Shanghai and Shenzhen (www.SunCapPart.com).
© 2012 PEPD • Private Equity’s Leading News Magazine • 10-19-12
