On April 30, the well-known American mattress manufacturer Corsicana Mattress Co., established in 1971, announced that it had completed the merger and acquisition transaction with its rival Symbol Mattress. The latter is a mattress manufacturing company located in Richmond, Virginia, USA, founded in 1961.

Both companies mainly sell mattress products to independent retailers and the hotel industry. The specific transaction amount was not disclosed.

After the transaction is completed, the two companies will merge into a new company, all employees of Symbol will be retained, and the new company will become one of the top five mattress manufacturers in the United States, and it will also be a mattress with a unit price of less than $1,000 in the United States. The largest manufacturer in the market. It is understood that mattresses with a unit price of less than US$1,000 are the hottest-selling product category in the US mattress market.

Corsicana' s CEO, Michael Thompson, will continue to lead the development of the newly merged company. He said that the merger will help both companies broaden their distribution channels and help the combined company create more than $540 million in sales this year. Among them, Corsicana will bring about 400 million U.S. dollars in revenue, while Symbol is expected to bring 140 million U.S. dollars in revenue.

The combined company will have 16 production bases across the United States, of which 6 originally belonged to Symbol and the other 10 belonged to Corsicana. The number of employees in the new company will exceed 1,400.

According to Thompson, the new company after the merger of Corsicana and Symbol will be ranked second only to the other two recognized giants in the US mattress industry-Tempur Sealy International and Serta Simmons Bedding.