Purple Innovation (PRPL) Acquires Intellibed

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Go back to Purple Innovation (PRPL) Acquires Intellibed

Purple Innovation Acquires Intellibed

September 1, 2022 8:30 AM EDT

Combination Expands Distribution, Unifies Intellectual Property and Broadens Product Offerings

LEHI, Utah, Sept. 1, 2022 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple" "Company"), a comfort innovation company known for creating the "World's First No Pressure® Mattress," today announced its acquisition of Advanced Comfort Technologies, Inc., known as Intellibed, a premium luxury gel-based mattress manufacturer pursuant to a merger agreement under which Intellibed merged with a subsidiary of Purple, with Intellibed surviving as a subsidiary of Purple. The merger... More