Worldwide manufacturer of sleep products marking 20 years in Lexington
LEXINGTON, Ky. (Feb. 13, 2013) – Gov. Steve Beshear today joined local and company officials at Tempur-Pedic, marking the company’s 20th anniversary in Lexington and celebrating the grand opening for the company’s new global headquarters, a spacious, uniquely designed building. The project will create 65 new jobs, retain more than 230 jobs, and represent a $17 million investment.
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“Tempur-Pedic has been helping the world sleep better now for two decades, and we’re extremely proud to have such a world-class company headquartered here in Lexington,” Beshear said. “This new global headquarters means top-quality jobs, a $17 million investment and an innovatively designed building that represents the forward thinking approach that has made Tempur-Pedic a leader in its field.”
Tempur-Pedic began in Lexington in 1993 and has grown to include 1,950 employees worldwide, selling products in more than 80 countries with more than $1 billion in sales.
The company’s new 128,000-s.f. facility is located on Tempur Way in the University of Kentucky’s Coldstream Research Campus. Nearly all of the building materials can be recycled, with water-saving and energy conservation features, as well as electric plugs available in the parking lot for electric cars. The facility also includes health and wellness benefits such as a café that serves fresh food from local farms, fitness rooms, yoga classes, bikes and bike racks to be installed this spring to encourage use of the nearby Legacy Trail.
“Our new global headquarters was designed to provide an invigorating place to work, filled with natural light and open spaces, and with a layout that encourages collaboration and team interaction,” said Mark Sarvary, president and chief executive officer of Tempur-Pedic International Inc. “Now that we’ve lived in it for a few months, I am delighted to say that it has delivered on all of this and more. As we moved from our old headquarters, we reflected on our history and the path that led Lexington-based Tempur-Pedic to become one of the largest global bedding companies. Tempur-Pedic has undeniably changed the industry, but the journey is far from complete and our new building symbolizes the next phase of our journey,”
The Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved the company for tax incentives up to $8 million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.
“We have been working hard to bring and keep corporate headquarters in Lexington,” said Lexington Mayor Jim Gray. “Tempur-Pedic, we’re glad you’re staying here. Headquarters bring strong leaders and problem solvers who can help us build a Great American City. Headquarters support and strengthen our efforts to grow good-paying jobs.”
For more information on Tempur-Pedic, visit www.tempurpedic.com.
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