Sherwood Bedding Company has announced a strategic investment from Steinhoff, representing a majority ownership in Sherwood. The partnership represents the first US mattress manufacturing investment by Steinhoff International. Sherwood is the fifth largest mattress manufacturer in the US. The transaction is expected to close by July 15, 2017. Steinhoff, an integrated retailer that manufactures, sources and sells furniture, household goods and clothing in Europe, Africa and Australasia, announced in September the completion of an agreement to acquire Mattress Firm, the largest mattress retailer

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