In early 2013, Tempurpedic Mattress Company bought Sealy, paying a cool $1 billion to buy assets and settle debts, hoping to end 20 years of general mismanagement by a string of private equity firms. As nearly everyone knows, the Tempurpedic name is synonymous with memory foam, or as it is also called, viscoelastic foam. In fact, it was the first commercial company to use the NASA-created material in a mattress.
So how might this new ownership affect Sealy’s own line of memory foam mattresses? So far, not in any dramatic or noticeable way.