By Nic Ledoux on 4/30/2021 Corsicana Mattress Co. has acquired Richmond, Virginia-based Symbol Mattress, in a transaction that creates the nation’s largest manufacturing organization serving consumers looking to purchase mattresses for under $1,000, which remains the most popular buying segment in the industry. Together, the company will operate 16 manufacturing centers and employ more than 1,300. Terms of the transaction were not disclosed by the private companies. All employees of Symbol will join the new organization. Mike Thompson, chief executive officer of Corsicana, will continue to lead the combined company. “We are aggressively pursuing our ‘House of Brands’ strategy and Symbol, with its robust product offering and extensive distribution presence will immediately have an accretive impact on our business. Moreover, the combination of our companies further solidifies our leadership position serving independent bedding retailers with the mattresses most sought after by American consumers, namely those priced under $1,000,” said Thompson. “Symbol Mattress is a talented team of exceptional leaders with a demonstrated track record of profitable growth. Along with our combined manufacturing infrastructure and operating capabilities we will accelerate our transformation initiatives.”