Lexington, Kentucky -- Tempur Sealy International Inc has announced huge sales increases following its acquisition of Sealy Corporation last year.
In its full year and fourth quarter financial report, the company said total sales increased more than 75% reaching $2.5bn (EUR1.8bn) over 2013 compared to $1.4bn during 2012.
In the fourth quarter, net sales increased to $678.1m compared to $341m in the fourth quarter of 2012.
The company said the net sales increase was due to the inclusion of $1.1bn of Sealy net sales for the period of March 18 to the end of 2013. Sealy sales amounted to $333m in the fourth quarter of 2013, said the company.
Bedding sales increased from $84.2m in the final quarter of 2012 to $88m in the fourth quarter of 2013 – a rise of 4.5%. Net sales in the company’s bedding segment were $305.3m.
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