Sleepwell parent Sheela Foam to acquire 10.5% stake in Furlenco

Sheela Foam, the parent company of Sleepwell, is set to acquire a 10.5% stake in Furlenco, a leading furniture rental company. This strategic investment aims to diversify Sheela Foam’s product portfolio and expand its presence in the home furnishing market. The acquisition is expected to enhance Furlenco’s growth prospects by leveraging Sheela Foam’s extensive distribution network and market expertise. This move aligns with Sheela Foam’s strategy to explore new business opportunities and strengthen its market position. The deal is anticipated to create synergies between the two companies, driving innovation and customer value.