Purple Innovation Acquires Intellibed
September 1, 2022
Purple Innovation, Inc. (NASDAQ: PRPL) has acquired Intellibed, a sleep health and wellness company known for its Gel Matrix mattress technology. The deal consolidates related gel/IP under Purple, expands Purple’s premium-to-luxury product range, and aims to accelerate product development and market reach while retaining Intellibed employees.
- Buyers
- Purple Innovation, Inc.
- Targets
- Intellibed
- Industry
- Consumer Products
- Location
- Utah, United States
- Transaction Type
- Buyout
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