Sleepy's acquires

Mar 24 2009

Two venerable giants in the mattress industry announced today that they have entered into a transaction to combine their businesses in order to deliver greater quality, service and value to consumers.

Bethpage, NY-based Sleepy's, the largest mattress retailer in the country, will acquire certain assets of and invest in the growth of the brand as the nation's leading premiere telephone, internet and chat retailer of bedding and sleep products. The companies plan to complete the sale through Chapter 11 of the U.S. Bankruptcy Code that will include a bidding process and ultimately a court ordered sale. is first electing to convert a pending involuntary Chapter 7 bankruptcy petition.