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Serta Simmons Bedding history
Serta Simmons Bedding company history timeline
In 1870, an inventor whose name was lost to time owed Simmons for merchandise purchased at his general store.
In 1876 Simmons became the first manufacturer to mass-produce woven wire mattresses.
The process enabled the company to make mattresses more widely affordable; according to company records, by 1891 Simmons was the largest company of its kind in the world.
In 1900 a Canadian inventor patented a mattress with springs held within individual cloth pockets.
The company incorporated as Simmons Co. in 1915.
They even receive a listing on the New York Stock Exchange in 1924.
By 1929, the company had sales of $9 million.
Serta was founded in 1931, the year Serta introduced its Perfect Sleeper® mattress.
Simmons Co. became profitable again by 1935, and then entered a period of steadily growing sales.
Simmons also came out with new products in the postwar era. It debuted the Hide-A-Bed sofa in 1940, the famous sofa with a mattress tucked inside.
1958: Simmons begins selling queen and king-sized mattresses.
A company that it bought in 1962, Thonet Industries, specialized in making wood furniture for public use.
Simmons had a profit of over $8 million in 1968, and very little debt.
Grant Simmons explained to Fortune magazine (May 1976) how the move had energized the company and made executives more productive.
Simmons's bedding operations began losing money in 1976, and its only profitable units were its international divisions and non-bedding subsidiaries.
In 1985 Gulf & Western sold Simmons Co. to Wickes, another conglomerate with lumber and furniture holdings.
1985: Gulf & Western sells company to Wickes Co.
1989: Wesray group sells firm back to its employees.
Eventually, Westray had to sell to Merrill Lynch Capital Partners in 1991.
1993: New chairman and chief executive is named; market share begins to rise.
In March 1996, Merrill Lynch sold its stake in Simmons to a Bahrain-based investment group, Investcorp.
The company changed hands again in 1998 when a private investment firm, Fenway Partners, bought out most of Investcorp's share.
Simmons began licensing its name to a textile manufacturer in 2001 to make sheets, comforters, accessories, and window treatments under the Beautyrest, BackCare, and other Simmons brand names.
As a testament to all of the resilience in the face of change, the Beautyrest mattress celebrated its 90th anniversary in 2015.
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Serta Simmons Bedding competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| AMMO | 1990 | $191.4M | 100 | - |
| Stevens Industries | 1956 | $1.2M | 500 | 31 |
| Cone Denim | 1891 | $610.0M | 3,000 | - |
| Masco Cabinetry | 2000 | $252.2M | 999 | - |
| NAPCO | 1992 | $140.0M | 110 | 1 |
| National Standard | 1907 | $43.0M | 135 | - |
| Omegaflex | 1975 | $111.5M | 170 | 5 |
| Thomas & Betts | 1898 | $2.3B | 10,001 | - |
| American AVK | 1985 | $22.8M | 100 | - |
| Glass Dynamics | 1985 | $18.0M | 300 | - |
Serta Simmons Bedding history FAQs
Zippia gives an in-depth look into the details of Serta Simmons Bedding, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Serta Simmons Bedding. The employee data is based on information from people who have self-reported their past or current employments at Serta Simmons Bedding. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Serta Simmons Bedding. The data presented on this page does not represent the view of Serta Simmons Bedding and its employees or that of Zippia.
Serta Simmons Bedding may also be known as or be related to SERTA SIMMONS BEDDING LLC, Serta Simmons Bedding, Serta Simmons Bedding LLC and Serta Simmons Bedding, Llc.