Toronto — Sleep Country Canada Inc. has completed its acquisition of substantially all of the assets of Sleep Number, bringing together two iconic companies and forming the world’s second-largest sleep retailer.
“This is one of the proudest days in our company’s history,” says Stewart Schaefer, president and chief executive officer of Sleep Country. “Today isn’t about the completion of a transaction. It’s about the beginning of a new future.”
For more than 30 years, Sleep Country has helped Canadians sleep better through exceptional customer experiences, trusted expertise and a relentless focus on its customers. Sleep Number has transformed the industry through innovation and personalized sleep solutions that has changed the way millions of people sleep.
Customers will continue to enjoy the brands, products and experiences they know and trust while benefiting over time from greater choice, expanded capabilities and continued investment in innovation.
“Our ambition is clear,” adds Schaefer. “To build the most admired sleep companies in the world. Today isn’t the finish line, it’s the beginning of a new chapter, with many more to be written.”
The transaction was completed following the satisfaction of all customary closing conditions and approvals previously announced.
Sleep Country Canada Inc. is Canada’s leading specialty sleep retailer. Through its family of brands — including Sleep Country, Dormez-vous, Bloom, Endy, Hush, Casper, Silk & Snow and Simba Sleep — the company delivers expert advice, innovative sleep solutions and exceptional customer experiences to millions of Canadians.
With the completion of the Sleep Number acquisition, Sleep Country now operates across Canada and the United States as the world’s second-largest sleep retailer.
SOURCE: Sleep Country Canada Inc.