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Tempur-Pedic Topping Sealy Shows Buyouts’ Uneven Results
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Sealy Corp. and Tempur-Pedic International Inc. are mattress makers that were backed by private-equity firms. The similarities pretty much end there.
Tempur-Pedic, founded in 1992, became the biggest mattress company by revenue last year as sales rose 28 percent to $1.42 billion. Sealy, a 131-year-old company that’s been a household name for decades, fell to No. 2 with sales of $1.23 billion, little changed from 2010 and down 28 percent from the 2007 peak.