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Tempur-Pedic
American mattress manufacturer From Wikipedia, the free encyclopedia
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Tempur-Pedic International, Inc., now part of Tempur Sealy International, is a manufacturer and distributor of mattresses and pillows made from viscoelastic foam. The company is headquartered on the Coldstream Research Campus in Lexington, Kentucky, and has manufacturing plants in Duffield, Virginia, and Albuquerque, New Mexico.[1][2]
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History
The first Tempur-Pedic mattress was introduced by Fagerdala World Foams, a Swedish technical foam firm. The brand was brought to the United States in 1992 and the company Tempur-Pedic, Inc. was founded.[3] Nine distributors of Fagerdala, including Tempur-Pedic, Inc., merged in 1999 to form Tempur World Holding Company, reformed in 2002 as Tempur-Pedic International Inc. The company went public in 2003.[4] In 2012, Tempur-Pedic and Sealy Corporation announced plans to merge.[5] Tempur-Pedic paid $228.6 million, but the two companies operate separately.[6]
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Price fixing settlement
In 2015, Tempur-Pedic's German subsidiary was fined €15.5 million by the German Federal Cartel Office for engaging in vertical price fixing between August 2005 and July 2011.[7][8]
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