Business

September 27, 2012 12:58 PM

Lexington-based mattress maker Tempur-Pedic to buy Sealy

Lexington-based mattress maker Tempur-Pedic International announced Thursday that it will acquire rival Sealy in a deal valued at $1.3 billion. The deal, expected to close during the first half of 2013, "provides us access to every consumer at every price point at every point of distribution," Tempur-Pedic CEO Mark Sarvary said. "It gives us access in a much broader way."

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