Sleep Country Canada closes acquisition of Silk & Snow
by CM staff
Sleep Country acquired all of Silk & Snow assets for approximately $24 million.
TORONTO — Sleep Country Canada Holdings Inc. announced the closing of its acquisition of Silk & Snow Inc., one of Canada’s fastest growing direct-to-consumer sleep brands specializing in high-quality sleep and lifestyle products.
Sleep Country has acquired substantially all of the assets of Silk & Snow for approximately $24 million in cash at closing and has agreed to pay up to an additional $19.45 million in cash in early 2026 based on Silk & Snow achieving certain growth and profitability targets in aggregate for fiscal years 2023, 2024 and 2025. The transaction will be financed through Sleep Country’s cash on hand and revolving credit facility.
“We’re delighted to officially welcome Silk & Snow to our growing family of sleep brands as we continue to build our ecosystem and expand our innovative and sustainable product line-up” said Stewart Schaefer, President and CEO, Sleep Country Canada. “We’ll support Silk & Snow and the team as they continue to build their following in Canada and the United States and drive even more growth in the business.”
Silk & Snow will operate as an independent entity within Sleep Country, led by Chow as CEO and Mo as COO who both will join the Sleep Country’s senior leadership team.
