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1870: Zalmon Simmons operates Simmons Manufacturing, making various products.
Simmons built his first factory in Kenosha, Wisconsin in 1870, making it one of the oldest in the United States.
In 1870, an inventor whose name was lost to time owed Simmons for merchandise purchased at his general store.
Since Zalmon G. Simmons’s initial idea in 1876 to manufacture and mass produce the woven wire mattress, Simmons has been revolutionizing the mattress world.
In 1889, as a result of Simmons’s new manufacturing process, the price of beds dropped dramatically from $12 to 95 cents, effectively allowing more people to get a great night’s sleep.
In 1900, a Simmons engineer, James Marshall introduced a hand made coil spring that provided another leap forward in mattress comfort technology.
Simmons Manufacturing Company gained to national prominence when the founder’s son, Zalmon Simmons Jr., took over the company in 1911.
Simmons introduced the Wall-A-Bed bedding product in 1912, the predecessor to the well known Murphy Bed that Simmons would later produce for the Murphy Company.
The company incorporated as Simmons Co. in 1915.
Simmons launched it’s first national advertising campaign via the Saturday Evening Post in 1916.
In 1918, after World War I, Simmons introduced the cotton felt mattress, bringing a new level of comfort to sleepers.
By 1919, Simmons had acquired or built manufacturing plants across the United States and Canada with facilities in cities like Seattle, San Francisco, Toronto and Vancouver to name a few.
They even receive a listing on the New York Stock Exchange in 1924.
Simmons also initiated consumer focused sleep studies in 1925, in an effort to gain information and insight to peoples sleeping habits.
In 1925, Simmons’ top engineer, John Franklin Gail, designed a machine that would coil wire and insert it into fabric sleeves quickly and independently.
While it began as a breakthrough design in 1925, the Simmons® Beautyrest® mattress has continued to evolve ever since.
1926: Company debuts Beautyrest mattress.
By 1929, the company had sales of $9 million.
Zalmon Simmons Jr.’s son, Grant Simmons Sr., took over in 1929 during this financial disaster and worked hard to build back up again.
Simmons introduced a hide-a-way bed ‘Studio Couch’ in 1930 as the depression was forcing families to move in with each other in tighter spaces.
With this, the Simmons Beautyrest mattress was born, the same mattress that Eleanor Roosevelt promoted a mere two years later and into the 1930’s.
Simmons Co. became profitable again by 1935, and then entered a period of steadily growing sales.
1940: Hide-A-Bed sofa is introduced.
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.
In 1957 Simmons created its National Technological Center in Munster, Indiana.
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.
Though Grant Simmons had promised that things would get better over 1978, the company continued its poor performance.
1979: Simmons is sold to Gulf & Western.
Simmons became the Official Bedding Supplier of the 1980 Winter Games in Lake Placid, N.Y.
In 1985 Gulf & Western sold Simmons Co. to Wickes, another conglomerate with lumber and furniture holdings.
1985: Gulf & Western sells company to Wickes Co.
Simmons’s first trip through the revolving door of private equity came in 1986.
In 1986, his investment firm, Wesray Capital, and a handful of Simmons’s top managers acquired the company for $120 million, the bulk of which was borrowed.
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.
In 1996 Simmons came out with an evocative television ad, which showed a bowling ball dropped on a Beautyrest mattress and not knocking down ten bowling pins standing on it.
By 1997, Simmons had sales of over $550 million, with a profit of about $50 million.
The company changed hands again in 1998 when a private investment firm, Fenway Partners, bought out most of Investcorp's share.
Zenon Nie resigned as chairman and chief executive in 2000, and he was replaced by Charles R. Eitel, formerly president of a fabric and flooring company. It hired a new advertising agency in 1999, and vowed to bring out a new campaign that would top even its successful bowling ball spots.
Sales for 2000 were reported at over $727 million, and the company was vying for the lead in the bedding market that it had helped to revolutionize.
Simmons came up with a new brand for the millennium, the Beautyrest 2000 NoFlip mattress.
2000: Charles Eitel becomes chairman and CEO.
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.
In 2001, Simmons introduced the new Olympic Queen size mattress, a full 6 inches larger and thus providing 10% more sleeping space than a traditional Queen, but designed to fit on the same frame.
The investment firm, which bought Simmons in 2003, has pocketed around $77 million in profit, even as the company’s fortunes have declined.
And by 2003, as the buyout boom began to build, his firm had Simmons in its cross hairs.
The fall of 2003 was little more than a blur of meetings and presentations for Robert Hellyer, the former Simmons president who is among the fourth generation of his family involved in the mattress industry.
But last fall, unable to meet the terms of its bank loans and debt dating back to the 2003 acquisition itself, Simmons stopped making interest payments to its bondholders.
And by December 2004, THL found a way to get part of its initial investment back.
In 2004 Simmons rolled out the Pocketed Cable Coil design.
In late 2004, Simmons unveiled the HealthSmart mattress in a blitz of marketing.
The numbers tell a slightly different story: Net sales declined 4.8 percent in that quarter from a year earlier, and operating income fell to $25.1 million, from $25.5 million in the third quarter of 2004.
After another 37 years of making revolutionary mattresses, Simmons introduced the well-known “Bowling Ball Mattress” advertising campaign that was brought back by popular demand in 2005.
By the third quarter of 2005, Simmons had “one of the best quarters in the company’s entire history up to that point,” a spokesman for THL said in an e-mail message.
Lee, scion of the family that founded the Shoe Corporation of America, left his namesake firm in 2006 to start another investment company.
At his company, online customer reviews numbering 280,000 since 2007 more than compensate for store visits and mattress testing, he said.
By early 2007, at the very top of the credit market bubble, THL took a bit more out of Simmons.
As the economy soured in late 2007, so did Simmons’s sales.
Then, in the spring of 2008, when the slowing economy had begun to hurt sales, Simmons laid off the night shift at the Mableton plant.
As a testament to all of the resilience in the face of change, the Beautyrest mattress celebrated its 90th anniversary in 2015.
Connecticut lured Serta Simmons to Windsor Locks in 2015 from its Agawam, Mass., site with a $5 million economic development loan at 2 percent interest for 10 years.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Apothecary Products | 1975 | $68.0M | 235 | 8 |
| Workwear Outfitters | 1923 | $850.0M | 3,000 | - |
| Gruma Corporation | 1977 | $7.0M | 25 | 39 |
| Fruit of the Loom | 1851 | $6.6B | 32,400 | 18 |
| Hazen Paper | 1925 | $22.0M | 200 | - |
| Delta Apparel | 1999 | $495.3M | 8,500 | 5 |
| Industries For The Blind Inc | - | $370,000 | 7 | - |
| Pure Fishing | 1937 | $556.0M | 25,000 | - |
| IntegraColor - Visual Communications Solutions | 1956 | $150.0M | 750 | - |
| Winter Gardens Quality Foods | 1946 | $59.4M | 27 | - |
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Simmons Bedding may also be known as or be related to Simmons Bedding, Simmons Bedding Company and Simmons Bedding Company LLC.