M&A Deal Summary

Sleep Number Acquires Comfortaire

On January 24, 2013, Sleep Number acquired consumer products company Comfortaire for 16M USD

Acquisition Highlights
  • This is Sleep Number’s 2nd transaction in the Consumer Products sector.
  • This is Sleep Number’s 2nd largest (disclosed) transaction.
  • This is Sleep Number’s 2nd transaction in the United States.
  • This is Sleep Number’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2013-01-24
Target Comfortaire
Sector Consumer Products
Buyer(s) Sleep Number
Deal Type Add-on Acquisition
Deal Value 16M USD

Target

Comfortaire

Greenville, South Carolina, United States
Comfortaire Corp. is a provider of consumer products like matters and other house hold durable in US.

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Buyer(S) 1

Buyer

Sleep Number

Minneapolis, Minnesota, United States
Category Company
Founded 1987
Sector Furniture
Employees4,000
Revenue 1.9B USD (2023)
DESCRIPTION
Entrance to Select Comfort's corporate offices in Plymouth, Minnesota.
Entrance to Select Comfort's corporate offices in Plymouth, Minnesota.

Sleep Number is a designer, manufacturer, marketer, and supporter of a line of adjustable-firmness mattresses featuring air-chamber technology branded as the Sleep Number's bed. The Company also produces bedding accessories. Sleep Number Corporation was formerly known as Select Comfort. Sleep Number was founded in 1987 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 2 of 3
Sector (Consumer Products) 2 of 2
Type (Add-on Acquisition) 2 of 3
State (South Carolina) 1 of 1
Country (United States) 2 of 3
Year (2013) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-10-17 SleepTec

Alpharetta, Georgia, United States

SleepTec,is a provider of sofa sleeper products.

Buy $3M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-10 BAM Labs

San Jose, California, United States

BAM Labs is a provider of Smart Bed Technology solutions and partnered with Sleep Number in co-developing SleepIQ technology, which is available on all Sleep Number beds at every price point. In addition to powering Sleep Number beds, BAM Labs has a growing presence in the medical smart beds market. BAM Labs’ FDA registered Touch-free Life Care smart bed sensor transforms any bed into a smart bed to inform, manage and improve health.

Buy $58M
Mergr

Product

Company

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