Sealy Corporation · Trinity, NC United States ·(NYSE: ZZ)
Company Description
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This link will open in a new window Sealy is a slumbering giant. It's the world's largest maker of bedding products and a leading US manufacturer, with a 20% market share. Sealy makes mattresses and box springs under the Sealy, Bassett, and Stearns & Foster names and sells them in more than 7,000 stores. Its customers include sleep shops, furniture and department stores, warehouse clubs, and mass merchandisers, as well as the hospitality industry. Sealy also licenses its name to makers of other bedding products and home furnishings. Sealy, formerly owned by Bain Capital , was bought by Kohlberg Kravis Roberts (KKR) in 2004. KKR owns some 51% of Sealy, which filed an IPO in 2005 and began trading in March 2006. To read the full description, subscribe now.
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Key Sealy Corporation Financials
| Company Type | Public - NYSE: ZZ Headquarters |
| Fiscal Year-End | November |
| 2008 Sales (mil.) | $1,498.0 |
| 2008 Employees | 4,817 |
Sealy Corporation Executives
17 executives listed for Sealy Corporation's Trinity, NC location.
| Title | Name & Bio | Contact |
| Chairman | Paul Norris | Network |
| President and CEO | Lawrence Rogers | Network |
| EVP Operations, North America | G. Michael Hofmann | Network |
Competition
Competitive Landscape for Sealy Corporation
The volume of home furniture sold depends heavily on the level of home sales, while office furniture sales depend on the health of the US economy. The profitability of individual companies is closely linked to volume, since many costs are fixed. Small companies can compete effectively if they produce specialty items or high-quality workmanship that can sell for a premium price. Imports are a major competitive factor, totaling more than $26 billion a year, and many US manufacturers have factories overseas, where labor and production costs are lower than in the US. Foreign competition and production overcapacity have combined to keep prices low. Additionally, despite automation, the made-to-order nature of much of the business means that the industry is fairly labor-intensive: average annual revenue per worker is around $250,000. To read the full description, subscribe now.Top Sealy Corporation Competitors
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