Tempur-Pedic mattresses on a Tempur-Ergo Smart Base. [Photo: Tempur-Pedic]
Created in 2024 via Tempur Sealy International's $5 billion acquisition of Mattress Firm, Somnigroup is now paying billions in stock for Carthage, Missouri-based Leggett & Platt, a NYSE-listed, 1883-founded manufacturing company that happens to be one of its leading suppliers.