Novacap's Kingsdown buys foam mattress maker Zedbed
Owen & Co Ltd, which operates in Canada primarily under the Kingsdown brand, has acquired Zedbed Inc, a Shawinigan, Québec-based manufacturer of eco-friendly memory foam mattresses, motion bases, and sleep products. No financial terms were disclosed. Kingsdown, a Toronto-based mattress maker, said the deal is part of an "aggressive growth plan" to increase market penetration and broaden the company's luxury sleep product offerings throughout North America. Founded in 1904, Kingsdown was acquired last year by the industries group of Canadian private equity firm Novacap.
12 February 2018•4 mins read
