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Casper to be subsidiary of Richmond manufacturer
Photo courtesy Casper Sleep
Photo courtesy Casper Sleep
Casper to be subsidiary of Richmond manufacturer
Sheila Long O'Mara | Furniture Today// November 1, 2024//
Richmond-based international foam producer Carpenter has acquired omnichannel bedding brand Casper Sleep.
Under the agreement, Casper will operate as a subsidiary of Carpenter.
This marks the third acquisition Carpenter has made in the past 16 months. In November 2023, Carpenter acquired North Carolina-based NCFI Polyurethanes. That deal followed the company’s closing in June 2023 on its $492 million acquisition of Belgium-based Recticel N.V.’s engineered foam division.
Carpenter and Casper have had a significant supply agreement for more than a year, and the industry rumor mill has been busy saying the foam producer would likely acquire the mattress brand.
Carpenter said it will “assist Casper on a comprehensive growth and profitability strategy, as well as the appropriate future channels to market.”
Details of the deal were not disclosed.
