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Mattress Firm grows

By Staff
Publication: Furniture Today
Date: Monday, August 27 2007

Houston— Major bedding retailer Mattress Firm here said it plans to acquire the 35-store Mattress Pro chain, based in Austin, Texas. Terms weren't disclosed.

Mattress Pro operates stores in major cities in Texas and Nevada, and its owners include several people with past ties to Mattress

Firm, including Mattress Firm co-founder Harry Roberts and former franchise owner Philip Busker.

The acquisition will increase Mattress Firm's market dominance in several cities, bringing store counts to 19 in Las Vegas, 26 in San Antonio, 23 in Austin, 47 in Dallas and 52 in Houston, according to company officials. The move will boost Mattress Firm's store count nationwide to over 440 stores in 36 markets across 21 states.

"This merger is a great fit for Mattress Firm and allows us to further establish our leadership position in several key and growing markets," said Gary Fazio, CEO of Mattress Firm. "However, we understand that being a leader means more than having the most locations. Mattress Pro has done a tremendous job of establishing a solid reputation in each of its markets by providing a high level of customer service.... We will build on that strong foundation."

The stores will be converted to Mattress Firm units, with new signage and Mattress Firm's signature format, the company said.

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To acquire 35 Mattress Pro stores
T T T
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