Kingsdown has announced that Somnigroup International Inc., the global parent of Tempur Sealy International and Mattress Firm, has made a passive minority investment in Kingsdown. This transaction reflects Somnigroup’s strong belief in Kingsdown’s heritage, brand and future, the company said.
“Somnigroup’s investment represents a powerful endorsement of Kingsdown’s Style & Substance brand and our proven ability to scale the artistry and innovation that have defined our company for over 120 years,” says Frank Hood, chief executive officer of Kingsdown. “As a passive investor, Somnigroup’s confidence in Kingsdown underscores the strength of our business model, our leadership team and our growth trajectory.”
“We are proud to partner with Kingsdown, whose long-standing reputation for quality and innovation aligns closely with our own values,” says Scott Thompson, chairman and CEO of Somnigroup. “Kingsdown’s tailored product range complements our existing portfolio, broadening our reach across key consumer segments. This investment demonstrates our disciplined capital allocation strategy, confidence in the Kingsdown team and our expectations of long-term growth in the U.S. and Canadian bedding markets.”
Hood says that for Kingsdown employees, suppliers and retail partners, it will be “better business as usual.”
“This investment doesn’t define Kingsdown, it affirms confidence in our future and the enduring strength of our brand,” he says.
