Tempur-Pedic International Inc. (Tempur-Pedic International), incorporated in September 2002, is a manufacturer, marketer and distributor of premium mattresses and pillows, which it sells in approximately 80 countries under the TEMPUR and Tempur-Pedic brands. The Company operates in two segments: North America and International. The North American operating segment consists of two the United States manufacturing facilities and its North American distribution subsidiaries. The International segment consists of its manufacturing facility in Denmark, whose customers include all of its distribution subsidiaries and third party distributors outside the North American operating segment. The Company sells its premium mattresses and pillows through four distribution channels: retail, which includes furniture and bedding, non-spring and department stores, and healthcare. The Company sells at wholesale through three distinct channels: Retail, Healthcare and Third party.