Mattress manufacturer Tempur-Pedic is investing $18 million to expand its headquarter operations at Lexington’s Coldstream Research Campus.
The expansion will add 125,000 s.f. to the current facility and create 65 new jobs, bringing Tempur-Pedic’s total employment to just over 300 within the next five years.
Since its formation in 1993, Tempur-Pedic has grown into an international company focused on innovative sleep products and is one of the fastest growing public companies in Kentucky.
An economic impact study performed by the Cabinet for Economic Development this past spring showed the number of direct, indirect and induced jobs that will result from Tempur-Pedic’s existing and new employment is 772 jobs. Those jobs will provide an annual $72.8 million boost to Kentucky’s Gross Domestic Product.
The expansion project is expected to be complete by December 2012.