2002 - A New Chapter in the History of Tempur World, Inc.
Two American equity firms are teaming up to acquire Tempur World Inc.
The two private equity firms TA Associates and Friedmann, Fleischer & Lowe purchase the vast majority of the interests in Tempur World, Inc. The take over is of mutual interest and it offers new perspectives to the development of Tempur World, Inc.
A partnership for the future
"We are enthusiastic about the opportunity to acquire Tempur World, Inc. and pleased to have Friedmann, Fleischer & Lowe as our partners along with a strong management team lead by Chief Executive Officer, Robert Trussell", P. Andrews Mc Lane, Senior Managing Director at TA Associates, said in a statement. The partnership with TA Associates and Friedmann, Fleischer & Lowe is the perfect solution to bring Tempur World, Inc. to the U.S. stock exchange in 2003-2004 and into the next phase of growth.