FTC Moves to Block Tempur Sealy’s $4 Billion Purchase of Mattress Firm

The agency alleges Tempur Sealy plans to limit rivals’ access to Mattress Firm’s nationwide network of stores to harm competition in premium mattress market.

A passer-by walks near the front of a Tempur-Pedic mattress store location in Dedham, Mass., on May 9, 2023. Steven Senne/AP Photo

American mattress manufacturer Tempur Sealy’s proposed $4 billion acquisition of Mattress Firm Group Inc. is being put on hold amid a challenge by the Federal Trade Commission (FTC), the federal agency announced on July 2.

Tempur Sealy—the world’s largest mattress supplier and manufacturer—announced the cash-and-stock deal to purchase the nation’s largest mattress retailer in May 2023.