PARAMOUNT SLEEP COMPANY
Built On A Family Legacy
Timeless · Handcrafted · Luxury
90+
YEARS OF CRAFTSMANSHIP
4
GENERATIONS OF FAMILY
1
UNWAVERING PROMISE
OUR HISTORY
Nine Decades in the Making
Founded in Norfolk, Virginia
Born during the Great Depression, Paramount Sleep Company was established with a simple belief—that every American deserves a great night’s sleep. Quality and craftsmanship were the foundation from day one.
Albert Diamonstein Sets the Standard
First-generation family leadership established the philosophy that still guides us today—grow with your business, never stop learning, and never compromise on quality.
of Growth
Expanding Across the Nation
From our Norfolk facility, Paramount grew to manufacture mattresses across the United States, earning placement at many of the nation’s top retail stores.
90th Anniversary
We proudly celebrated this remarkable milestone to honor every craftsperson, every family member, and every customer who has chosen Paramount.
Still Family-Owned. Still Handcrafted.
Four generations strong, from our state-of-the-art Norfolk facility, we make luxury sleep products with the same dedication to our craft, delivered across the U.S.
”
If you want your business to grow, you've got to grow with it.
— Albert Diamonstein · First Generation
Meet The Family
Albert Diamonstein
When Albert joined Paramount in 1936, the company was still in its infancy and the country was still navigating the Great Depression. Money was limited, certainty even more so. Albert began as a local sales representative and general manager, helping build relationships and establish the young company within its community. Albert was so convinced that he could help drive relationships and company sales that he bought stock in Paramount.
Moving forward in his career, his instincts were correct but there were years when Paramount could not afford to pay traditional cash bonuses. Instead, Albert accepted additional shares in the company—a practical arrangement at the time that gradually became something much more meaningful. With every share came a greater investment in Paramount’s future and a deeper responsibility for the people whose livelihoods depended upon it.
The early years were not defined by abundance. During World War II, essential mattress materials were rationed and deliveries were complicated by fuel shortages. Yet the work continued.
Products were made by hand, relationships were maintained and the company learned how to endure without compromising the standards upon which it had been built. Albert did not simply acquire a place within Paramount. He earned one.
Arthur Diamonstein
Arthur Diamonstein joined Paramount in 1952 following his military service. He did not enter the business from an executive office. He began in shipping, assisted with deliveries and occasionally drove the company’s trucks. Before he led Paramount, he learned how it moved—through the factory, onto the truck and ultimately into the homes of its customers.
Arthur eventually moved into sales and steadily rose through the company, becoming president in the late 1970s. Under his leadership, Paramount entered a period of significant growth, led by his focus on the growing hospitality opportunities locally and regionally . But expansion was never treated as an end in itself. Arthur remained fascinated by the manufacturing process and understood that innovation mattered only when it resulted in a better-made product.
His challenge was different from his father’s. Albert had helped Paramount survive. Arthur was responsible for helping it grow—without allowing growth to weaken the craftsmanship, care or personal accountability that had sustained the company from the beginning. Arthur’s leadership was never confined to the company itself. He understood that a family business was strengthened by the community around it, and he carried that responsibility with quiet consistency.
Through his relationships, service and willingness to support local causes, Arthur reflected the belief that business success and community commitment should go hand in hand. His example helped reinforce a culture at Paramount rooted not only in craftsmanship and accountability, but also in gratitude, generosity and care for the people and places that helped shape the company.
Richard Diamonstein
When Richard Diamonstein joined Paramount in the mid-1980s, Arthur encouraged him to learn the company through its manufacturing and finance operations—to understand production flow, materials, financial controls and what manufacturing a quality mattress truly required.
He followed that advice, progressing through roles that included assistant controller, controller, executive vice president and president of the Commercial Division before becoming managing director and board chairman. In 1986, the Diamonstein family acquired the remaining interest in Paramount, bringing the company fully under family ownership. But ownership did not guarantee security.
In 2008, Paramount made one of the most consequential decisions in its history: ending a licensing relationship that had shaped the business for more than four decades. The safer path would have been to preserve what was familiar. Instead, The Diamonstein Family and Executive Team chose independence. The path to independence was Led by a highly committed and talented leadership team, they developed numerous original brands giving Paramount the ability to control its direction on its own terms.
That decision helped create many of the collections that define Paramount today and opened the door to national manufacturing partnerships and relationships with internationally respected luxury bedding brands. It also repositioned the company around elevated sleep, thoughtful design and premium American manufacturing.
Richard has dedicated much of his career to advancing the mattress industry beyond Paramount through leadership and advisory roles, including serving as chairman of ISPA and as the founding chairman of the Mattress Recycling Council, where he remains involved today. His work reflects Paramount’s belief that quality manufacturing also requires environmental responsibility, from reducing waste and supporting recycling efforts to strengthening industry standards and responsible end-of-life solutions. By contributing his time, perspective and practical experience, Richard continues to support the long-term integrity, sustainability and success of the mattress industry as a whole.
Our Commitment
We Have Always Kept Our Promise.
We’ve seen a lot, learned a lot, and grown every step of the way — but one thing has never changed: we remain committed to creating thoughtfully designed sleep products that exceed our customers’ expectations.
