1/25/13

Select Comfort’s web sales rise 8.3% in 2012

The bed maker and retailer also acquires an air-support bed maker.

Bill Briggs , Senior Editor

Select Comfort Corp., a manufacturer and retailer of beds, grew total and web sales in 2012, and purchased bed maker Comfortaire Corp. last week.

For the fiscal year ended Dec. 29, Select Comfort,

No. 225 in the 2012 Internet Retailer Top 500 reported:

Select Comfort, which makes Sleep Number adjustable beds, announced yesterday the purchase of the business and assets of Comfortaire Corp., a manufacturer of adjustable air-supported beds, from mattress manufacturer Park Place Corp. The $15.5 million transaction closed on Jan. 17, Select Comfort says.

Comfortaire had 2012 revenue of $10.5 million in 2012, Select Comfort says, and will continue to operate the Comfortaire business through an independent subsidiary.

Shelly Ibach, president and CEO says Select Comfort is “pleased that the second-largest adjustable air-bed company–with its experienced team and shared commitment to quality, innovation and individualization–is now part of Select Comfort.”

For the fourth quarter, Select Comfort reported:

Topics:

2012 earnings, bed manufacturer, Comfortaire, Park Place Corp., Q4 2012 earnings, Select Comfort, Shelly Ibach, Sleep Number, Top 500

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