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March 18, 2009 - Leading bedding retailer
1800mattress.com said
this past week that it had
signed a letter of intent to
sell the company to Dial
Mattress Acquisition, LLC, a
group led by mattress industry
veteran Ken Mazda.
Under terms of the agreement,
both parties have committed to a
swift due diligence process
after which the new group will
make a capital infusion into the
company to continue to grow the
brand.
Following the closing, Mazda
will serve as the chief
executive of the company. Upon
the signing of the letter of
intent, he assumed
responsibility for day-to-day
operations of the company.
Napoleon Barragan, who founded
the company more than 30 years
ago, will serve as a consultant
and advisor to the new company,
as well as focusing efforts on
international business
development.
“1800mattress.com is one of the
nation’s best known brands, and
we believe the only truly iconic
brand in the mattress industry.
Everyone knows the slogan and
leaving the last ‘s’ off for
savings, which we believe
presents a significant market
opportunity for us in the
future,” said Mazda.
“Personally, I am very excited
about this opportunity for our
customers, employees and
vendors. The experience the new
investment group brings from
both the manufacturing and
retail perspective will make the
company and our brand stronger
in the future,” said Barragan.
Mazda is best known for building
Nationwide Discount Sleep
Centers into the 60-store
dominant mattress retailer in
the Philadelphia market, which
he and his partners sold to
Mattress Giant in the late 90s.
He joined 1800mattress.com in
the summer of 2008 in a senior
role ultimately overseeing
day-to-day operations of the
company.
Founded in 1976,
1800mattress.com is the leading
national multi-channel
(internet, chat, call center and
showrooms) retailer of
mattresses, box springs and
bedding products. It features
products by Sealy, Serta,
Simmons, Tempurpedic and King
Koil among others from its 30
beds and mattress menu,
including custom sizes, sofa
beds, Murphy beds, futons, and
adjustable and organic beds. Its
award winning customer service
is well chronicled in thousands
of media articles and books. The
company was also the first
mattress retailer to introduce a
two-hour delivery window, and
fast national and international
delivery of its products. Its
business-to-business sales
division supplies schools,
hospitals, hotels and other
institutions.
For more information,
please visit:
www.1800mattress.com.
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