Select Comfort Corporation (NasdaqGS:SCSS) acquired the business and assets of Comfortaire Corporation from Park Place Corporation for $15.5 million on January 17, 2013. The transaction was solely funded through Select Comfort's internally generated cash reserves. Select Comfort will continue to operate the Comfortaire business through an independent subsidiary. Comfortaire Corporation reported revenues of $10.5 million for the year ended December 31, 2012.

Select Comfort Corporation (NasdaqGS:SCSS) completed the acquisition of the business and assets of Comfortaire Corporation from Park Place Corporation on January 17, 2013.