Tempur sealy to acquire majority stake in sherwood bedding

Tempur sealy to acquire majority stake in sherwood bedding.tempur sealy - expects to purchase an 80% stake in sherwood bedding for approximately $40 million.tempur sealy - transaction will be financed through a combination of cash on hand and a borrowing under its existing credit facilities.tempur sealy - ellman family will maintain a 20% ownership interest in sherwood bedding.tempur sealy - sherwood bedding will be operated as a standalone, independent business unit within company.tempur sealy - sherwood bedding expected to be accretive to co's earnings in 2020.
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