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US: Sleepy’s sold for $780M to rival Mattress Firm

 |  December 1, 2015

The ubiquitous New York mattress chain Sleepy’s is putting to rest the sales and merger rumors — by selling out.

Mattress Firm, the largest mattress specialty retailer, announced Monday it was acquiring Hicksville-based Sleepy’s and its 1,050 stores for $780 million.

“I think Sleepy’s was very expensive for customers,” a bedding manufacturer who sells to both chains said.

“You get a much better value in a Mattress Firm store.”

Mattress Firm has little presence in New York, but nationally it has more than double the number of Sleepy’s stores, with 2,420 locations.

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