In 1989, Sealy - then the largest manufacturer of bedding in the United States with 28% market share and $700 million in sales - was purchased for $1.0 billion by leveraged buyout firm Gibbons, Green, van Amerongen (now Leonard Green & Partners). Wuliger's share of the transaction was $100 million. In 1990, he attempted to buy back the Stearns & Foster division for $87.5 million but failed. His son Tim Wuliger was president of AIPAC from 1980s.
