Somnigroup Worldwide Makes Minority Funding in Kingsdown » BedTimes Journal

Mebane, North Carolina-based luxurious mattress producer Kingsdown has obtained a passive minority funding from Somnigroup Worldwide Inc., the worldwide guardian of Tempur Sealy Worldwide and Mattress Agency.  

“Somnigroup’s funding represents a robust endorsement of Kingsdown’s Fashion & Substance model and our confirmed capability to scale the artistry and innovation which have outlined our firm for over 120 years,” mentioned Frank Hood, CEO of Kingsdown. “As a passive investor, Somnigroup’s confidence in Kingsdown underscores the energy of our enterprise mannequin, our management workforce and our development trajectory.” 

“We’re proud to associate with Kingsdown, whose long-standing popularity for high quality and innovation align intently with our personal values,” mentioned Scott Thompson, chairman and CEO of Somnigroup, based mostly in Lexington, Kentucky. “Kingsdown’s tailor-made product vary enhances our present portfolio, broadening our attain throughout key shopper segments. This funding demonstrates our disciplined capital allocation technique, confidence within the Kingsdown workforce and our expectations of long-term development within the U.S. and Canadian bedding markets.” 

“For our staff, suppliers, and retail companions, it’s higher enterprise as common,” Hood added. “This funding doesn’t outline Kingsdown, it affirms confidence in our future and the enduring energy of our model.”