Sleep Inc., a mattress manufacturer headquartered in Corsicana, Texas, has purchased Englander licensee World Sleep Products in North Billerica, Mass. Sleep Inc. is a sister company of Corsicana Bedding.
“Without going into details, we’re structuring the deal as a merger with a long–term exit for the current owners—or they may never exit. The entire staff also remains in place,” said Sleep Inc. owner Carroll Moran. “World Sleep saw the need to join hands with somebody operating on a more national basis that could bring consistency and buying power.”
Chuck Warshaver, the former principal owner of World Sleep, retains his post as president of the company.
Sleep Inc. manufactures bedding under the Sleep Inc. brand. It became a Spring Air licensee for Texas in 2009 and purchased a Therapedic licensee in 2008.
“We have a Therapedic licensee, a Spring Air licensee and now Englander,” Moran says. “We want to buy strong regional players and it doesn’t matter what brand they are.”
“Doing this type of consolidation is what will allow independents like us to thrive and survive,” Warshaver said. “We have become part of a larger company and that will lead to continued growth, benefiting both our customers and our employees. Carroll and Sleep Inc. have employed a strategy of seeking strong licensees around the country. It’s a brilliant plan. It means better efficiencies–better rates on trucking, on insurance, on IT–all the backroom things, plus purchasing power.”