Tag Archives: Mark Sarvary

Tempur Sealy Loss Grows in Q2

Tempur+Sealy

LEXINGTON, Ky.-Tempur Sealy posted a second-quarter net loss of $2.2 million, compared to a second-quarter net loss of $1.6 million from last year. The loss occurred as the company continued to absorb integration costs of last year’s merger between Tempur-Pedic and Sealy. In addition, it reported a $20.4 million loss related to its disposal ofMore »

Last updated: July 25, 2014

Tempur Sealy Ups Hytinen to New Finance Post

Barry Hytinen

LEXINGTON, Ky.-Barry Hytinen has been promoted to executive vice president of corporate development and finance, a newly created position, at Tempur Sealy. In his new role, Hytinen is adding to his current responsibilities over corporate development and finance. He reports to Dale Williams, executive vice president and chief financial officer. Before this appointment, Hytinen hadMore »

Last updated: July 22, 2014

Leggett & Platt Buys Tempur Sealy’s Innerspring Plants

Leggett & Platt

LEXINGTON, Ky.-Leggett & Platt has purchased Tempur Sealy’s three innerspring component production facilities and equipment, for about $48 million. According to a joint statement from the two companies, the deal is in conjunction with Tempur Sealy’s decision to exit production of innerspring components in the United States. Also, the two companies have extended their relationshipMore »

Last updated: July 1, 2014

Tempur Sealy Net Down for Q4, Fiscal Year

Lifetime Brands

LEXINGTON, Ky.-With the company still meeting expenses for the acquisition of Sealy, which was completed last March, Tempur Sealy reported a 2.7 percent drop in fourth-quarter net income, to $22.9 million, and a decline of 30.7 percent in net income for the fiscal year, which totaled $74 million. The inclusion of Sealy into the companyMore »

Last updated: February 7, 2014

Tempur Sealy Posts Q2 Loss as Company Adjusts to Merger

Tempur+Sealy

LEXINGTON, Ky.-The costs of integrating Sealy into Tempur-Pedic were a major factor in Tempur Sealy’s second-quarter loss of $1.6 million, compared to second-quarter net income of $29.1 million from one year ago. Tempur-Pedic closed on its acquisition of Sealy in March, and the company changed to the Tempur Sealy moniker in May. These results doMore »

Last updated: July 29, 2013