NEWS RELEASE
SYDNEY, 9 November, 2026 – A.H. Beard, Australia’s oldest mattress manufacturer, has today announced a recapitalisation of the business by Softide Investment Co., Limited.
The deal marks a significant new chapter for the family-founded business, securing the continuation of A.H. Beard’s 127-year legacy of Australian manufacturing and more than 200 jobs across four states.
Following a turnaround of the business by administrators P.A. Lucas, the recapitalisation enables A.H. Beard to deliver a significant return to secured and unsecured creditors. It will also inject new capital into the business to ensure the long-term resiliency of A.H. Beard amid global macroeconomic changes.
The next chapter for Australian manufacturing
Founded in 1899, A.H. Beard has built a five-generation reputation for Australian-made quality, combining traditional craftsmanship with ongoing innovation in sleep technology.
While the company enters new ownership, A.H. Beard’s Australian manufacturing heritage, commitment to quality and focus on improving sleep remain firmly at its core.
Under the new ownership structure, CEO Matthew Beard will continue to lead the business alongside the Beard family and existing executive team, with a renewed focus on operational stability, sustainable materials, premium craftsmanship and innovation in sleep technology.
Matthew Beard, CEO of A.H. Beard, commented: “What has always set A.H. Beard apart is the generational craftsmanship and pride of our people. Our business has weathered fires, floods, economic depressions and a global pandemic. That resilience is a testament to our team, our loyal customers and the fundamental strength of our brand.
“This milestone is about far more than financial backing. It’s a significant vote of confidence in our business and the future of Australian manufacturing. We’re immensely grateful to our customers, retail partners and suppliers who stood by us during this period. With fresh capital and a global strategic partner behind us, we’re ready to invest further in innovation and continue helping generations of Australians get the quality sleep they deserve.”
The successful recapitalisation has been welcomed by key retail and industry partners such as Katie Page, CEO at Harvey Norman and Ben Lazzaro, Chief Executive of the Australian Made Campaign, signalling continued confidence in A.H. Beard’s products, people and future
For more information on A.H. Beard and its premium sleep products, visit ahbeard.com.
