Lexington, Kentucky-based Tempur Sealy International Inc. acquired Mattress Firm in a cash-and-stock deal valued at approximately $4 billion. Mattress Firm is expected to operate as a separate business unit under Tempur Sealy. Texas has the most number of Mattress Firm locations in the US, with 305 stores, which is about 13% of all Mattress Firm stores in the US.

Mattress Firm had been headquartered at 10201 S. Main St. in SW Houston since 2016, but the company recently signed a least at the Reserve at Westchase. The new space was half of what they had previously.

Combined, the companies have 21,000 employees, including more than 8,100 from Mattress Firm. They also have about 3,000 total retail stores, including more than 2,300 from Mattress Firm; 30 e-commerce platforms; 71 manufacturing facilities; and four research and development facilities worldwide. Saddled with debt from a series of acquisitions, Mattress Firm filed for Chapter 11 bankruptcy protection in October 2018. The company completed its financial restructuring a few months later.