Rocklin-based Sleep Train announced Wednesday that it has an agreement to acquire America’s Mattress in Hawaii.
The deal is expected to close on April 23and will add nine stores to the Sleep Train chain, bringing the company’s total store count to 300.
Financial terms of the transaction were not disclosed.
Officials said the acquisition includes five stores on Oahu, two stores on the Big Island in Kona and Hilo, and one each on the islands of Maui and Kauai.
“America’s Mattress has a strong reputation and proven sales success,” said Dale Carlsen, CEO and founder of Sleep Train. “This is a thrilling time for our company as we grow, learn from the success of our counterparts and combine resources to provide even more value for our customers.”
Sleep Train is the parent company of Sleep Train Mattress Centers, Sleep Country USA, Mattress Discounters and its mall-oriented boutique chain, Got Sleep? It has opened 30 new stores over the past 15 months alone.
“Sleep Train’s commitment to the community, distributing quality products made in Hawaii and taking care of its employees, makes them a perfect fit for our company,” said Chris Eldridge, CEO and founder of America’s Mattress. “I look forward to working with Sleep Train to continue to grow America’s Mattress’ business and employee-owner team together.”
Sleep Train said Eldridge and America’s Mattress employees will remain with the company, bringing Sleep Train’s overall employee count to more than 1,600.
Call The Bee’s Mark Glover, (916) 321-1184.