Somnigroup International has acquired a minority stake in the US mattress manufacturer Kingsdown, further expanding its presence in the North American bedding market, according to Furniture Today. Novacap, which has held a majority interest in Kingsdown since 2018, will retain its controlling stake.
© Somnigroup International
Kingsdown CEO Frank Hood described Somnigroup’s investment as a “strong endorsement” of the brand’s craftsmanship and innovation, adding that no changes are expected in daily operations or partnerships. Kingsdown products are currently available in select Mattress Firm stores, and the company plans to continue competing for retail space.
Somnigroup Chairman and CEO Scott Thompson stated that the partnership aligns with the company’s values and enhances its product portfolio, supporting “long-term growth in the US and Canadian bedding markets”.
The investment follows Somnigroup’s recent expansion moves, including the 2025 acquisition of Mattress Firm. Formerly known as Tempur Sealy International, the company has pursued a series of strategic acquisitions in recent years, reinforcing its position as a leading player in the global sleep industry.
Source: www.moebelmarkt.de
Publication date:
Thu 23 Oct 2025
