Global mattress manufacturer Tempur Sealy International, Inc. has announced that it expects to close the acquisition of beds retailer Mattress Firm imminently.

Tempur Sealy said it intends to close the deal, which was previously announced back in May 2023, on Wednesday 5 February 2025.

This follows the ruling from the United States District Court for the Southern District of Texas denying the motion by the Federal Trade Commission (FTC) for a preliminary injunction to halt the closing of the proposed acquisition.

The FTC has indicated that it will not seek emergency relief from the Fifth Circuit and will not prevent the transaction from closing.

Tempur Sealy Chairman and CEO Scott Thompson commented: “We are excited to move forward with our combination with Mattress Firm, which creates the leading vertically integrated global bedding company and which we strongly believe will bring significant benefits to all of our stakeholders.”