Sealy Corporation Announces Divestiture of European Business

Sealy Corporation ZZ, the largest bedding manufacturer in the world, today announced the divestiture of its European manufacturing operations (SAPSA), which are located in France and Italy. These operations will be combined into a separate entity, SAPSA Group Srl, which will remain a valued Sealy partner through a Sealy Brand licensing agreement in Europe (excluding the UK, Ireland, Channel Islands and Isle of Man). The new entity will be wholly-owned by a private Italian company.