Tempur Sealy International, Inc. to Change its Name to Somnigroup International Inc.

Company Overview - Tempur Sealy International, Inc. will change its name to Somnigroup International Inc. effective February 18, 2025, following the acquisition of Mattress Firm [1][2] - The new name reflects the company's expanded vision and its position as a global holding company providing sleep solutions [2] Business Structure - Mattress Firm, Dreams, and Tempur Sealy will operate as decentralized business units under the Somnigroup name [2] - Mattress Firm and Dreams will continue as multi-branded retailers, while Tempur Sealy will focus on manufacturing and serving both third-party retailers and direct-to-consumer channels [2] Strategic Goals - The company aims to deliver long-term growth for shareholders by addressing the evolving needs of consumers through innovation and industry expertise [2] - Somnigroup will trade on the New York Stock Exchange under the ticker symbol "SGI" at the time of the name change [3] Commitment to Sustainability - The company has established a goal of achieving carbon neutrality for its global wholly owned operations by 2040, demonstrating its commitment to environmental responsibility [9]