Carpenter Co., an international foam producer, has acquired bedding brand Casper Sleep, marking its third acquisition in 16 months. Casper will function as a subsidiary under Carpenter.
Photo: Casper.
This acquisition follows Carpenter's purchase of North Carolina-based NCFI Polyurethanes in November 2023 and the $492 million acquisition of Belgium's Recticel N.V.'s engineered foam division in June 2023.
Carpenter and Casper had established a significant supply agreement over the past year, leading to speculation about a potential acquisition. The company plans to support Casper in developing a comprehensive growth and profitability strategy while exploring future marketing channels.
This strategic move enhances Carpenter's presence in the bedding sector, aligning with its focus on growth and market expansion.
Source: www.furnituretoday.com