Tempur Sealy Draws Lengthy Antitrust Review for Mattress Deal

The Federal Trade Commission has been investigating potential antitrust concerns over Tempur Sealy International Inc.’s proposed deal with Mattress Firm Inc. since last year, according to two people familiar with the agency’s probe.

The $4 billion deal, announced Tuesday, would marry the world’s largest mattress manufacturer with the largest US specialty mattress retailer. Mattress Firm, owned by South African retailer Steinhoff International Holdings NV, operates more than 2,300 stores across 49 states, while Tempur Sealy manufactures several of the top mattress brands include Tempur-Pedic, Sealy Posturepedic and Stearns & Foster.

The FTC has been probing the deal since ...