Tempur Sealy International, Inc. officially announced its name change to Somnigroup International Inc., effective February 18, 2025. The company's common stock will continue to trade on the New York Stock Exchange under the new ticker symbol 'SGI'. This rebranding marks a significant milestone in the company's evolution.
The new name reflects Somnigroup's strategic transformation into the world's largest vertically integrated bedding company. This change follows the pivotal acquisition of Mattress Firm, which fundamentally reshaped the company's business model and market capabilities.
The new identity underscores the company's expanded global reach and comprehensive portfolio, encompassing design, manufacturing, distribution, and retail operations. This strategic shift aims to solidify its leadership in the global bedding industry.
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