PRESS RELEASE from TEMPUR SEALY. Longer-term, in our view, there continue to be a handful of positive fundamentals that position Tempur Sealy well to continue to post strong results and deliver favorable shareholder returns.. Departments: Other, Accounting, Finance, Sales, Marketing, Supply Chain, Business Development, Departments: Plant/Manufacturing, Warehouse, Departments: Sales, Accounting, Customer Service, Facilities, Retail, Departments: Plant/Manufacturing, Research & Development, Warehouse, Supply Chain. When used in this release, the words "expects," "will," "should," "would" and variations of such words or similar expressions are intended to identify such statements. Thompson continued, "Our team is always evaluating opportunities to improve customer service and optimize our operations. Zippia gives an in-depth look into the details of Tempur Sealy International, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Tempur Sealy International. The Company's brand portfolio includes many highly recognized brands in the industry, including Tempur, Tempur-Pedic, Sealy featuring Posturepedic Technology, and Stearns & Foster. The IEDC says it plans to offer Tempur Sealy up to $2.5 million in conditional tax credits based on the company's job creation in central Indiana. We have and are implementing programs consistent with our responsibilities. Construction will be funded from operating cash flow. (June 8, 2021) - Tempur Sealy International Inc. (NYSE: TPX), a global leader in the design, manufacture and distribution of bedding products, announced plans today to locate new operations in Indiana, creating approximately 300 new jobs in Crawfordsville by the end of 2025. Such statements might include information concerning one or more of the Company's plans, objectives, goals, strategies, and other information that is not historical information. The Company undertakes no obligation to update any forward-looking statement contained herein to reflect events or circumstances after the date on which such statement is made. Warehouse Worker $18.63 per hour Truck Driver $73,000 per year Manufacturing Specialist $19.30 per hour Explore more salaries Tempur + Sealy ratings in Hagerstown, MD Sie weiterhin diese Meldung erhalten, informieren Sie uns darber bitte per E-Mail The company says the facility willenhance its ability to service customers in the northeast United States. This press release contains statements that may be characterized as "forward-looking" within the meaning of the federal securities laws, which includes information concerning one or more of the Company's plans, objectives, goals, strategies, and other information that is not historical information. from 8 AM - 9 PM ET. Sr. Vice President of Tempur Sealy Brands; Mattress maker Tempur Sealy International is choosing Montgomery County as the home of its new manufacturing facility. Visit our investor site for additional information. 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The Tempur Sealy average analyst price target of $47 implies 20.6% upside potential. Production is expected to begin in 2023, and Tempur Sealy plans to hire approximately 300 local employees to staff the facility. 7. The new plant will manufacture a wide variety of bedding products and components. In phase one, about 700 thousand square feet of capacity will be set up with the ability to double it over time. The announcement of a nationally-recognized manufacturers new location in Crawfordsville is exciting news for the county. This omni-channel strategy ensures our products are offered wherever and however customers want to shop. Tempur Sealy is a leading manufacturer of bedding products and components including recognizable Tempur-Pedic, Sealy and Stearns & Foster and non-branded private label and OEM products. Numerous factors, many of which are beyond the Company's control, could cause actual results to differ materially from any that may be expressed herein as forward-looking statements. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made. info@montgomeryrdc.com. North Carolina. Tempur Sealy is the largest bedding manufacture in the world. Subject to closing conditions, the . The incentives must still be approved by the IEDC Board of Directors. These expansion phases will make the site Tempur Sealys largest manufacturing facility in the world. Our distinct brands allow for complementary merchandising strategies and are sold through third-party retailers, our Company-owned stores and e-commerce channels. While the details are still subject to closing conditions, construction on the 130-acre site is slated to begin in a few months. Subject to closing conditions, the construction on the 130-acre site is expected to begin in the third quarter of 2021. Additionally, the IEDC will offer up to $1.1 million in Hoosier Business Investment tax credits based on the companys planned capital investment and up to $450,000 to the local community to support infrastructure improvements. The company plans to begin hiring for management, supervisory, administrative and staff positions later this year. Save my name, email, and website in this browser for the next time I comment. verdade. Tempur Sealy International is the world's largest bedding provider. The 130 acre site is located at 200 South and Nucor Road. Our previously disclosed 2020 capital expenditures contemplated the new facilities, which will be funded from operating cash flow.". Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de Material Handler, Machine Operator, Production Associate / Production Line. We are committed to deliver high-quality products across our broad distribution network, and believe that this facility, in conjunction with our previously announced expansions in Dallas, TX and the northeast, will support the elevated demand. None of the information on this page has been provided or approved by Tempur Sealy International. Our distinct brands allow for complementary merchandising strategies and are sold through third-party retailers, our Company-owned stores and e-commerce channels. Listed on 2023-02-26. When used in this release, the words "expected," "optimistic," and variations of such words or similar expressions are intended to identify forward-looking statements. The company is planning to invest more than $138 million to build a brand new 700,000-square-foot facility on 130 acres in Crawfordsville. from 8 AM - 9 PM ET. Crawfordsville, IN 47933 Wenn Type Subsidiary Status Active Founded 1881 HQ Trinity, NC, US . Aydanos a proteger Glassdoor y demustranos que eres una persona real. It is expected to be Tempur Sealy's largest manufacturing facility in the world and will employ 300 workers. 2023 Tempur Sealy International, Inc. Privacy Policy | California Privacy Policy | Terms of Use. Tempur Sealy International, Inc. develops, manufactures, and markets mattresses, foundations, pillows and other products. These risk factors include the risk factors discussed under the heading "Risk Factors" in ITEM 1A of Part 1 of the Company's Annual Report on Form 10-K for the year ended December 31, 2020. Please help us protect Glassdoor by verifying that you're a Inside INdiana BusinessA division of IBJ Media, 1 Monument Circle, Suite 300Indianapolis, IN 46204, Copyright 2023 All Rights Reserved Privacy Policy | Terms of Service, Engage West Central Indiana Terre Haute, Engage Greater Lafayette West Lafayette. Construction will be funded from operating cash flow. Kentucky-based Tempur Sealy International Inc. (NYSE: TPX) has announced plans to establish its fourth foam pouring manufacturing facility in Montgomery County. . The first phase of construction is planned for approximately 700,000 square feet, with the ability to double its capacity over time and to expand to a final size of approximately 1 million square feet in the future. Investor Relations ContactAubrey MooreInvestor RelationsTempur Sealy International, Inc.800-805-3635[emailprotected]. The company develops, manufactures and markets mattresses, adjustable bases, pillows and other sleep and relaxation products. 01. Tempur Sealy is committed to improving the sleep of more people, every night, all around the world. On June 2, Raymond James analyst Bobby Griffin reiterated a Buy rating on the stock and a price target of $46 (18.1% upside potential). Additionally, the Company recently opened a Sealy plant in Dallas, TX, and is expecting to open its new Sherwood northeast plant and a new West Coast facility later this year. Tempur SealyChairman and CEOScott Thompson commented, "The strong demand for bedding, and our products specifically, has continued into the third quarter and we are optimistic about the fundamental trajectory of the business for the foreseeable future. The company will start filling positions at the Crawfordsville facility later this year, according to IEDC. When typing in this field, a list of search results will appear and be automatically updated as you type. Tempur Sealy International is the largest and most profitable bedding company in the world. Popular Locations. Investor Relations Contact Aubrey Moore Investor Relations Tempur Sealy International, Inc. 800-805-3635 Investor.relations@tempursealy.com View the job description, responsibilities and qualifications for this position. Tempur + Sealy salaries in Plainfield, IN Salary estimated from 12 employees, users, and past and present job advertisements on Indeed. LEXINGTON, Ky., Aug. 20, 2020 /PRNewswire/ -- Tempur Sealy International, Inc. (NYSE: TPX, "Company" or "Tempur Sealy") announced plans today to open its 30th North American manufacturing facility. Our highly recognized brands include Tempur-Pedic, Sealy and Stearns & Foster and our non-branded offerings include value-focused private label and OEM products. Apply for the Job in Director of Manufacturing at Plainfield, IN. LEXINGTON, Ky., Aug. 20, 2020 /PRNewswire/ -- Tempur Sealy International, Inc. (NYSE: TPX, "Company" or "Tempur Sealy") announced plans today to open its 30th North American manufacturing facility. This press release contains statements that may be characterized as "forward-looking," within the meaning of the federal securities laws. Bedding products provider Tempur Sealy International (TPX) has selected Crawfordsville, Indiana, as the location for its third domestic foam pouring facility. The new state-of-the-art plant is expected to be the largest Tempur Sealy manufacturing facility in the world and will be located in Crawfordsville, Indiana. The employee data is based on information from people who have self-reported their past or current employments at Tempur Sealy International. This newest facility is expected to open on the West Coast in the first quarter of 2021 and result in three new manufacturing facilities opening within a six-month period. The $140 million project is expected . When typing in this field, a list of search results will appear and be automatically updated as you type. These risk factors include the impact of the macroeconomic environment in both the U.S. and internationally on the Company's business segments and expectations regarding growth of the mattress industry; risks associated with the duration, scope and severity of COVID-19 and its effects on the Company's business and operations, including the disruption or delay of production and delivery of materials and products in the Company's supply chain; the impact of travel bans, work-from-home policies, or shelter-in-place orders; a temporary or prolonged shutdown of manufacturing facilities or retail stores and decreased retail traffic; uncertainties arising from global events, natural disasters or pandemics; the effects of strategic investments on the Company's operations, including efforts to expand its global market share; the efficiency and effectiveness of the Company's advertising campaigns and other marketing programs; consumer acceptance of the Company's products; general economic, financial and industry conditions, particularly conditions relating to liquidity, financial performance and related credit issues present in the retail sector; financial distress among the Company's business partners, customers and competitors, and financial solvency and related problems experienced by other market participants, any of which may be amplified by the effects of COVID-19. Headquartered in Lexington, Ky., Tempur Sealy operates two manufacturing facilities in Albuquerque, N.M., and Duffield, Va. Tempur Sealy employs more than 5,000 throughout the United States, with 300 employees at its Duffield facility. The facility will have the capabilities to manufacture a wide variety of bedding products and components for branded and non-branded operations, including Tempur-Pedic, Sealy, Stearns & Foster and OEM mattresses." [] "After a thorough site search and evaluation process, we have identified Crawfordsville, Indiana as the ideal location[]. Zippia gives an in-depth look into the details of Tempur Sealy International, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Tempur Sealy International. Tempur Sealy Chairman and CEO Scott Thompson commented, "This facility underpins our commitment to expanding our global manufacturing footprint to fulfill the projected long-term demand trajectory for our industry leading products and support our growth initiatives. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Toggle Summary. Full-Time. Se continui a visualizzare The first phase is planned for approximately 700,000 square feet, with the ability to double its capacity over time and to expand to a final size of approximately 1 million square feet in the future, which would make it Tempur Sealy's largest manufacturing facility in the world. Tempur Sealy International, Inc. (NYSE: TPX) is the world's largest bedding manufacturer. 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