Independent mattress producer, Southerland, is acquiring the assets of regional bedding manufacturer Tualatin Sleep Products of Tualatin, Oregon. The acquisition will facilitate Southerland’s growth in the Northwest by creating new opportunities throughout Idaho, Montana, Oregon, Washington and Wyoming, a key five-state market for the company as it continues to fill in the U.S. map for a national footprint.
“The Northwest is a significant growth area for us as we continue to grow our footprint nationally. This acquisition will allow us to better service existing customers in the Northwest while enhancing our reach into the region,” said Bryan Smith, president and chief executive officer of Southerland. “Tualatin Sleep is great addition to the Southerland family, and its commitment to quality and service syncs nicely with the way we do business.”
Both companies are key Englander licensees, adding to the appeal of acquiring Tualatin Sleep, Smith said.
Tualatin Sleep is a family owned organization that includes John Hagglund, president of Tualatin Sleep.
“Our group is thrilled with the acquisition by Southerland. We’ve been affiliated with the company through our work with Englander and think highly of its management team, product quality and corporate ethos,” Hagglund said.
Hagglund will remain with the company as regional vice president of sales for the Northwest.
Under the agreement, Southerland will lease the 70,000-square-foot Tualatin factory to manufacture and distribute mattresses and foundations, as well as distribute Southerland’s adjustable base lineup into the region.
The additional manufacturing square footage pushes the company’s total manufacturing space for mattresses, foundations and adjustable bases to 480,000 square feet across seven facilities.
The deal is expected to close by the first of the year. Terms of the deal were not disclosed.
About Southerland: Southerland has been making quality mattresses in the U.S. since 1893. Using only best-in-class materials and components, Southerland currently sells its line of mattresses and adjustable bases throughout 43 states. By implementing its stringent quality assurance program, Southerland manufactures mattresses that are backed by the company’s “making it right” philosophy that stands behind every product delivered. Each of its products is delivered to retailers via its wholly-owned transportation company. The company’s seven production and distribution facilities are located in Nashville, Tennessee; Cleveland, Ohio; Phoenix, Arizona; Oklahoma City, Oklahoma; and Tualatin, Oregon, total more than 480,000 square feet.