fbp
Corsicana Mattress Co. Closes on Acquisition of Symbol Mattress

Written by Rob Stott

April 30, 2021

Corsicana

Some King-sized mattress news hit the wire to wrap up the month of April as bedding manufacturer Corsicana Mattress Company announced that it had acquired rival bedding brand Symbol Mattress in a deal first reported on by Furniture Today.

Details of the acquisition were not disclosed by the privately-held brands, both of which are among the top-10 bedding makers. However, the newly combined company will represent an estimated $450 million in annual sales, they’ll operate 16 manufacturing facilities, and they’ll have a total workforce of more than 1,300 employees.

Corsicana CEO Mike Thompson will head up the newly-combined company.

“We are aggressively pursuing our house of brands strategy and Symbol, with its robust product offering and extensive distribution presence will immediately have an accretive impact on our business,” Thompson said, via Furniture Today. “Moreover, the combination of our companies further solidifies our leadership position serving independent bedding retailers with the mattresses most sought after by American consumers, namely those priced under $1,000.

“Symbol Mattress is a talented team of exceptional leaders with a demonstrated track record of profitable growth. Along with our combined manufacturing infrastructure and operating capabilities we will accelerate our transformation initiatives.”

 

Connect With Us!

More Podcasts

169: An Oasys Summit Debrief

169: An Oasys Summit Debrief

At the tail end of the first-ever Oasys Summit, we sat down with the Director of Oasys Hank Alexander to get his near-immediate reaction to the event. And, beyond the Summit, Hank covers what’s next for the group in the lead up to CEDIA Expo this fall.

168: Diving Into Nationwide’s New Region Realignment with Patrick Maloney

168: Diving Into Nationwide’s New Region Realignment with Patrick Maloney

Earlier this month, Nationwide Marketing Group unveiled a new streamlined structure for its field team, which resulted in the creation of several new regions. We dive into the new structure — and how it ties into the ongoing Customer Obsessed conversation — with Nationwide’s EVP of Membership Patrick Maloney. 

167: What Role Does AI Have to Play in the Future of Independent Retail?

167: What Role Does AI Have to Play in the Future of Independent Retail?

With the meteoric rise of tools like ChatGPT and other artificial intelligence-powered, content-producing platforms, it’s only natural to wonder what role these tools can and will play in retail.