Superfoam Ltd.
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Superfoam Ltd. - overview
Established
1983
Location
Nairobi, -, Kenya
Primary Industry
Consumer Products
About
Superfoam Ltd. is a Kenyan company that specializes in the production of high-quality sleep products, including mattresses, pillows, foam sheets, and cushions aimed at improving sleep quality across various market segments. Superfoam Ltd. was founded in 1983 in Nairobi, Kenya.
The company focuses on manufacturing sleep products and has undergone a significant business transformation by merging with Euroflex Limited and Vitafoam Africa Limited in January 2019, forming Mammoth Foam Africa. CEO Meeraj Shah leads the company, which has completed two deals as of August 2018. Superfoam Ltd specializes in a diverse range of sleep products, focusing primarily on mattresses, pillows, foam sheets, and cushions designed to enhance sleep quality. Their core product offerings include a variety of mattresses such as the Latex Spa Mattress and the 13 Zone Spring Mattress, which are engineered to provide optimal body support and alignment for a restful sleep experience.
Additionally, Superfoam produces an extensive selection of pillows and cushions tailored to ensure comfort and support for head and neck positioning. The company serves a broad client base that includes individual consumers, government institutions, NGOs, hotels, and nursing homes across Kenya, ensuring that their products address various sleep-related needs. Superfoam's distribution network spans retail stores, supermarkets, and e-commerce platforms, allowing them to reach a wide geographical market, including urban centers and remote areas throughout Kenya. Superfoam Ltd generates revenue through direct sales of its sleep solutions, primarily targeting consumers and institutional clients.
Transactions typically occur through a direct-to-consumer model, where customers can purchase products via the company’s website or physical showrooms located in key urban areas such as Nairobi, Mombasa, and Eldoret. The company also engages with businesses, including hotels and healthcare facilities, providing customized mattress solutions based on specific requirements. Pricing structures vary depending on the product category; for instance, premium offerings such as the Latex Spa Mattress and specialty pillows may be priced at a higher tier compared to standard foam mattresses. Superfoam often promotes limited-time discounts and promotional codes to incentivize purchases, thus fostering customer engagement and loyalty within this competitive market landscape.
In August 2018, Catalyst Principal Partners announced a merger to integrate Superfoam Ltd, Euroflex Limited, and Vitafoam Africa Limited into one company, which was completed in January 2019. This merger, now operating under the name Mammoth Foam Africa, is set to harness synergies from combined operations. The company is expected to focus on launching new product lines, including innovative mattress designs and advanced cushioning materials, as a part of its growth strategy. Furthermore, Superfoam plans to expand its presence in both urban and rural markets across East Africa by 2025.
The recent merger funding will support these initiatives by enabling investment in new product development and expanding distribution channels.
Current Investors
Mammoth Foam Africa
Primary Industry
Consumer Products
Sub Industries
Furniture
Website
www.superfoam.co.ke
Verticals
Manufacturing
Company Stage
Merged
Total Amount Raised
Subscriber access only
Superfoam Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Merger | Completed | Euroflex Limited, Superfoam Ltd., Vitafoam Africa Limited | - | ||||||||
| Buyout | Completed | Superfoam Ltd. | - |
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Superfoam Ltd. - employee data


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