Novacap backs merger of Canadian, U.S. Kingsdown operations
Mattress maker Owen & Co Ltd, which operates in Canada primarily under the Kingsdown brand, has merged with its U.S. counterpart Kingsdown Inc. No financial terms were disclosed. The deal was backed by Canadian private equity firm Novacap, which acquired Toronto-based Owen & Co last year. As a result, the 114-year-old Kingsdown mattress and sleeping products brand, which began in Mebane, North Carolina in 1904, will return to common ownership. Novacap said it will invest in the North American and global growth strategy of Kingsdown Group and use the company's distribution network to further advance the recently acquired Zedbed Inc.
3 April 2018•4 mins read
