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Mattress maker Peps in talks with Arpwood Capital for complete sale: Report

Economic Times  

Coimbatore-based mattress maker Peps Industries is in talks with Arpwood Capital for a complete sale of the company, valuing it between USD 130 million and USD 150 million. The company, which has a small presence online, has also held talks with sleep solutions companies such as Wakefit and The Sleep Company for a strategic partnership, but the talks did not materialise owing to the high valuation ask. Largely a player focused on the south Indian market, Peps is expanding to the northern market this year. The firm entered Delhi with the opening of two experience centres and would add 20 experience stores in the next two quarters.