Tempur Sealy to open 30th North American facility

"The strong demand for bedding, and our products specifically, has continued into the third quarter and we are optimistic about the fundamental trajectory of the business for the foreseeable future. We are facing capacity constraints on US Sealy and Sherwood products that are limiting our ability to meet our customer demand. Sealy is the number one mattress manufacturer in the US based on volume and is experiencing double digit growth, so this opportunity to open a new facility in the western region of the US is well-timed," said Tempur Sealy chairman and CEO Scott Thompson.

"I should also point out that Tempur-Pedic is currently growing faster than Sealy in the US. Our US Tempur-Pedic products are not capacity constrained, as our Tempur-Pedic manufacturing facilities can produce at levels consistent with current market demand.

"Our team is always evaluating opportunities to improve customer service and optimise our operations.  We are committed to deliver high-quality products across our broad distribution network, and believe that this facility, in conjunction with our previously announced expansions in Dallas, TX and the northeast, will support the elevated demand. Our previously disclosed 2020 capital expenditures contemplated the new facilities, which will be funded from operating cash flow," Thompson added.

Fibre2Fashion News Desk (RKS)