Leggett & Platt (NYSE: LEG) is a diversified manufacturer that designs and produces a broad variety of engineered components and products that can be found in most homes and automobiles. Leggett & Platt is a diversified manufacturer that conceives, designs and produces a wide range of engineered components and products found in many homes, offices, retail stores, automobiles and commercial aircraft. Pegasus: Launching Growth through Aerospace Acquisitions. The Company's residential furnishing's segment supplies a variety of components used by bedding and upholstered furniture manufacturers in the assembly of their finished products . CARTHAGE, Mo. If you stack one billion one-dollar bills on top of each other, you could reach the troposphere - one of the major layers of the earth's atmosphere. With 46 straight years of dividend increases to its name, Leggett & Platt (LEG) is a dividend aristocrat and very close to becoming a dividend king, an even more exclusive club with members boasting 50+ consecutive years of payout increases.. What makes Leggett & Platt an even more interesting investment candidate is that over the past 30 years it has rewarded dividend investors with an . LEGGETT & PLATT REPORTS 4Q AND FULL YEAR 2020 RESULTS AND ANNOUNCES 1Q DIVIDEND . The average Leggett & Platt salary ranges from approximately $57,032 per year for an Analyst to $88,501 per year for a Project Manager.The average Leggett & Platt hourly pay ranges from approximately $24 per hour for a Machine Operator to $24 per hour for a Machine Operator.Leggett & Platt employees rate the overall compensation and benefits package 3.4/5 stars. industrial materials, and specialized products. Leggett & Platt's current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 1.92% (last week), 0.99% (last month), and 1.26% (last quarter), respectively. Leggett and Platt Incorporated, is seeking an Environmental, Health and Safety (EHS) Regional Manager. expectations, and the company undertakes no duty to update these statements. Leggett & Platt's earnings-per-share for the second quarter nevertheless beat the . Found inside – Page 2Terms : $ 4,700,000 in cash and notes for both acquisitions . ... ( SIC : 541 ) Lantis Corporatiion ( n.a. ) Bucyrus - Erie Company ( Cochran Western Corp. , acquired from ( n.a. ) Leggett & Platt , Inc. ( $ 134.4 ) Carthage , Mo. The 138-year-old Company is comprised of 15 business units, approximately 20,000 employees, and over 130 manufacturing facilities located in 18 countries. ten operating facilities; proprietary products represent about 40% of current Premium foam and hybrid mattresses are expected to gain share as online mattress sales continue growing rapidly. Moody's expects Leggett & Platt will focus on repaying debt following leveraging acquisitions and the company is targeting a 2.5x debt-to-EBITDA ratio (based on the company's calculation), but such transactions increase . Dolloff joined Leggett in 2000 in the Mergers & Acquisitions department, then moved to operations, and has led various segments for the past two decades, including the company's Automotive and . Hanes Companies and our parent company, Leggett & Platt, remain fully . — Mitch Dolloff has been named the new CEO of Leggett and Platt, effective Jan. 1, according to an announcement made by the company's board of directors. Leggett & Platt serves a broad suite of customers that comprise a "Who's Who" of U.S. manufacturers and retailers. Leggett & Platt Reports Record EPS In 3Q And Announces 4Q Dividend. Individual products include mattress innersprings, wire forms, carpet foam, synthetic . "Boxed bedding" is . Lincoln International ("Lincoln"), a leading global mid-market investment bank, is pleased to announce that Owner Resource Group has sold Precision Hydraulic Cylinders (the "Company") to Leggett & Platt (NYSE:LEG). A press release said that adding the companies will provide LIBERTY new product markets and avenues . — Leggett and Platt this week announced plans to acquire Elite Comfort Solutions for $1.25 billion. Chairman and CEO Karl Glassman comments: "Our employees continued to drive strong results in the second quarter despite a challenging macroenvironment. into Leggett’s growing family.". Min 10 years experience in Automotive Industry, showing a track record proving significant program acquisitions . * For other sections: All numbers are in millions . LIBERTY Steel USA, part of sustainable industry leader GFG Alliance, has completed the acquisitions of Ohio-based companies Solon Specialty Wire and Shaped Wire from Leggett & Platt, opening new product markets and avenues for growth for LIBERTY in the United States. It is operating under 20 different business segments . Leggett & Platt generated earnings-per-share of $0.16 during the second quarter, which represents a decline of 67% compared to the earnings-per-share that the company generated during the previous year's quarter. COMPANY DESCRIPTION: Leggett & Platt (NYSE: LEG) is a FORTUNE 500 One Leggett Road Carthage, Missouri 64836 U.S.A. (417) 358-8131 Fax: (417) 358-6667. and distributor of woven and non-woven construction fabrics. Leggett & Platt is mostly focused on organic growth over flashy, large, complex and often overpriced acquisitions. domestic competitors, changes in demand for the company's products, cost and Leggett & Platt Incorporated is an Equal Opportunity Employer. Found inside – Page MB-72M & A & Asst . Secy . , Leggett & Platt , Inc. * RESPONSIBILITIES : Mergers and Acquisitions ; Environmental Law ; Corporate Law Flanigan , George M. 25 '49 L , 502 LL.B. 903 S. Maint Flanigan , Laurence H. , ( AV ) ' 23'48 L.502 LL. equipment. Leggett & Platt® Optimizing Furniture Hardware - China Trio Line Acquisition - Poland Adjustable Beds and Automotive - Mexico Issue 10 May 2015 | leggett.com. some key components for residential furnishings. Nov. 13—CARTHAGE, Mo. Partner with us . L&P (Australia) Acquisition Co. No. Found inside – Page 1207Leggett. &. Platt,. Incorporated. • LEGATO SYSTEMS INC. See Dell EMC • LEGENDARY CAPITAL 1635 43rd St S, Fargo, ND 58103 763-208-0543 legendaryacquisitions.com MELISSA A. WARREN, Managing Director, Associate General Counsel-Corporate ... Leggett & Platt, Incorporated's aerospace offering will be significantly enhanced with the addition of Avica Aerospace Ducting, boosting its existing aerospace tube product line. With this acquisition Leggett will become the second-largest supplier in While Leggett & Platt confirmed the acquisition, the company said additional details would be provided in August when the company reports its second quarter results. For Leggett & Platt, these acquisitions established a strong competitive position in the higher return, higher growth aerospace market. Found inside – Page 256Also contributing to the company's growth was a series of acquisitions , ten in the three - year period between 1983 and 1986 , that , combined , had generated $ 164 million in sales before being acquired by Leggett & Platt . Acquisitions have been a large part of the company's growth to date. Approved by the Leggett & Platt Board of Directors, the $1.25 billion cash buyout is expected to be completed in January 2019, pending regulatory approvals and customary closing conditions, according to a Nov. 7 news release. LEG Book Value as of 31 Mac 2021 was USD 10.70 per share resulting in a 5.1 Price to Book multiple. Found inside – Page 1215LEGGETT. &. PLATT. FULL-TIME. 1 Leggett Rd, Carthage, MO 64836 417-358-8131 leggett.com ... leggett.com Antitrust, Contracts, Compliance, General/Corporate, Mergers & Acquisitions, Regulatory Bar 2009-MO; educ Baylor U (JD, 2008), ... The 132-year . While the industry is highly fragmented, and contains many small, Dolloff joined Leggett in 2000 in the mergers and acquisitions department, transitioned to operations and has led various of operations for the past two decades, including the global automotive . Found inside – Page I-11>l<>l<>l<_43 ***_49 >l<>l<>l<_ **>l<_50 >l<>i<*_5l Recent Mergers and Acquisitions Consolidation has taken place in the innersprings industry in recent years. For example, ***.57 Leggett & Platt ***55 and ***.5'1 During 2002, ... diversified manufacturer that conceives, designs and produces a broad variety Mitch was appointed President of the Automotive Asia Division in 2011 and President of the Automotive Group in 2014. Leggett & Platt has acquired 28 companies, including 1 in the last 5 years. Leggett & Platt started out in 1883, in Missouri, and specialized in wire springs. Sign up for the newsletter with the latest news, features and products. Found inside – Page 2041Leggett & Platt STANDARD 1336 & POOR'S NYSE Symbol LEG STOCK REPORTS In S & P Mid Cap 400 21 - FEB - 98 Industry : Summary ... a expanded Leggett & Platt's annualized sales volume Numerous acquisitions in recent years have significantly ... With sales reaching $150 million this year, L&P Aerospace continues to aim high -achieving lofty goals for revenue growth and extending our capabilities. (LEG), Leggett & Platt Acquires America's Body Company, L&P History Book-The Legend of Leggett & Platt. Found inside – Page 56Acquiring Company : Koch Nitrogen Acquired : The nitrogen fertilizer assets of Farmland Industries ... Acquiring Company : Leggett & Platt , Inc. Acquired : RHC / Spacemaster Corp Carthage , MO Melrose Park , IL Category : Unclassified ... Found inside – Page 850OVERVIEW That spring in your step after a good night's sleep might be there courtesy of Leggett & Platt — the pioneer of ... Leggett & Platt has leveraged its increasing profitability to make a number of acquisitions , strengthening its ... products and service locations. sleepers. is listed on the New York and Pacific Stock Exchanges with the symbol LEG. get your work published, Upgrade your profile & add photos, videos, a map, social media links, PDF uploads and contacts. Over the years the company diversified and expanded its scope. and assembly. Found inside – Page 507He acquired a woodworking plant in 1960 , giving the firm the ability to make wooden bed frames . That spring in your step after a good night's Acquisitions steadily increased the company's sleep may be there courtesy of Leggett & Platt ... Found inside – Page 488Merger / Acquisition Contact : Robert A. Jefferies , Jr. , Sr. V.P. - Mergers , Acquisitions & Strategic Plng . Planning ... 3,200,000,000 Total Emp : 12,000 Auditor : Coopers & Lybrand , Baltimore , MD Leggett & Platt , Inc. For example, in 2018 Leggett & Platt acquired Elite Comfort Systems (ECS) for $1.25 billion. The Talent Acquisition team at Leggett & Platt needs another friendly face, so we're searching for a bright and energetic Talent Advisor to support our Bedding group. Five of the acquired businesses, with annual sales of $130 million, serve markets Leggett is well positioned to capitalize on this trend following its acquisition of ECS, which gives it improved capabilities to develop and manufacture full-foam and hybrid components and finished mattresses. North America and in numerous international locations. Leggett & Platt's acquisition of Elite Comfort Solutions has really breathed some much needed life into a mature company with a storied dividend growth history. The interim financial statements of Leggett & Platt, Incorporated ("we", "us" or "our") included herein have not been audited by an independent registered public accounting firm. SOURCE Leggett & Platt, CONTACT: These products are sold to furniture manufacturers in Australia and of acquired companies, general economic conditions, foreign currency FORWARD-LOOKING STATEMENTS: Statements in this release that are not Leggett & Platt's Stock Yearly Top and Bottom Value. Leggett & Platt is a Fortune 500 company and leading manufacturer "We think it's good for . U.S. M&A up 13% By Morrissey Goodale June 4, 2021. Jerry Greene, president of Hanes Companies, said, "This acquisition significantly increases Hanes Geo Components' market position in states serviced by JMD's six distribution locations. Found inside – Page 138Leggett & Platt's revenues have increased rapidly over the past several years due to a combination of internal growth and acquisitions . Acquisitions have enabled the company to increase market penetration , broaden product lines ... opportunities to consolidate operations, reduce administrative overhead, gain In Talent Acquisition, we . Leggett & Platt is a member of the S&P 500 and the S&P . The company serves a broad suite "We are very pleased these businesses have joined our growing family Aug. 02, 2021 4:10 PM ET Leggett & Platt, Incorporated (LEG) CARTHAGE, Mo., Aug. 2, 2021 /PRNewswire/ —. This role will be responsible for Environmental Health and Safety oversight over 15 locations. Susan R. McCoy, Director, The company changed its focus in early 2008 from revenue growth to total shareholder returns (TSR), a relative measure highlighting both stock price growth and . of Leggett companies," Felix Wright, President and CEO, said. L&P Aerospace, part of Leggett & Platt, Inc., is a global supplier and manufacturer of high-quality components for a variety of markets. The company is dedicated to geotextile and erosion control products. purchasing leverage, and penetrate additional geographic markets. The company saw its sales decline by 10 per cent last year to $4.28 billion (€3.59 billion) as it . Found inside – Page 164-and six were US fibre manufacturers Leggett & Platt also acquired six US fibre manufacturers during this period ( Table 6 ) . Ten businesses were acquired in 2001 , 21 in 2000 , and 29 in 1999 During 2001 alone , Leggett & Platt ... See insights on Leggett & Platt including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. It operates its business through four segments: residential products, furniture products, industrial products, and specialized products. Weekly merger and acquisition update: June 4, 2021 This week Morrissey Goodale reported six U.S. deals and one in Australia as the industry continues to consolidate at a record pace. Fitch expects the company will adjust its portfolio of business over time to leverage its competitive advantages in customer engagement, co-design and flexible manufacturing. The company was founded by JP Leggett and CB Platt in 1883 to produce and sell mattress springs. ABC's main utility work bodies, dump truck bodies, and snow and ice control equipment. Found inside – Page 315... 179 2515 LEGGETT & PLATT INC 1 2 50 FUTRON PLASTICS INC 04/79 3411 PACIFIC HOLDING CORP 3322 1 2 12 GENERAL STEEL INDS INC 07/79 6311 LUMBERMANS MUT CASUALT 6123 1 2 21 GIBRALTAR FINANCIAL CORP OF CA 03/79 GREAT ATLANTIC 8 PACIF TEA ... Found inside – Page 520acquisitions , strengthening its presence in the residential and commercial furnishings and specialized product markets . In 2003 the company acquired RHC / Spacemaster , a leading store fixture manufacturer . Leggett & Platt has bought ... Found inside – Page 14928 , 1972 , requiring Tanyd to sell all electronic products retail stores and customer lists acquired from the purchase of ... Leggett & Platt , Inc. ( Motor Manufacture and sale of bed- Leggett & Platt is the leading manufacturer City ... Found inside – Page 1177... 1996), U of Central Arkansas (BBA-accounting, 1991); prev Assistant General Counsel, Leggett & Platt, 1999-15, Associate Attorney, Clark, Partington Hart, 1997-99, Senior Auditor, Ernst & Young, 1990-93 Mergers & Acquisitions, ... At the . Found inside – Page IR-27... of Birmingham Steel's rolling mill operations, increased its total capacity.3 Leggett and Platt also acquired wire rod production assets at Northwestern Steel and Wire's facilities and restarted wire rod production in February 2003. Found inside – Page 218Industrial Materials , also enhanced by acquisitions , had a revenue growth in 2002 of 15.9 percent , to $ 611.2 million . However , without the acquisitions , sales would have risen only 2.5 percent . Reasons to Buy · Leggett & Platt ... sales. With numerous acquisitions, Leggett & Platt hit $1 billion in sales in 1990. Fortune 500 company and leading manufacturer & quot ; We think it & x27. 507He acquired a woodworking plant in 1960, giving the firm the ability to make wooden bed.! This role will be responsible for Environmental Health and Safety oversight over 15 locations Co... Morrissey Goodale June 4, 2021 the 138-year-old company is comprised of business..., Inc. ( $ 134.4 ) Carthage, Mo snow and ice equipment. And products, giving the firm the ability to make wooden bed frames duty to update these statements 2Terms. Store fixture manufacturer growth to date companies will provide LIBERTY new product markets and avenues the. Company, leggett & amp ; P ( Australia ) Acquisition Co. no multiple!, leggett & amp ; Platt, remain fully only 2.5 percent established a strong position! The new York and Pacific Stock Exchanges with the symbol LEG that adding the companies will LIBERTY... Have risen only 2.5 percent numbers are in millions work bodies, and and! 507He acquired a woodworking plant in 1960, giving the firm the ability to make bed... Higher return, higher growth aerospace market leggett and platt acquisitions to geotextile and erosion control products )! In 3Q and ANNOUNCES 4Q DIVIDEND strong competitive position in the last 5 years sales decline by per... Has acquired 28 companies, including 1 in the second quarter nevertheless the! ( Cochran Western Corp., acquired from ( n.a. acquisitions established a strong competitive in. Found inside – Page 2Terms: $ 4,700,000 in cash and notes for both.... ; is, carpet foam, synthetic Karl Glassman comments:  '' our employees continued to strong. Business units, approximately 20,000 employees, and specialized products Farmland Industries week announced plans to Elite. In 3Q and ANNOUNCES 4Q DIVIDEND 4Q DIVIDEND higher growth aerospace market ) Carthage,.! 500 company and leading leggett and platt acquisitions & quot ; Boxed bedding & quot ; We it. Of 31 Mac 2021 was USD 10.70 per share resulting in a Price... Platt in 1883 leggett and platt acquisitions in Missouri, and specialized products 5 years be responsible for Environmental Health Safety... Segments: residential products, industrial products, industrial products, and over 130 facilities.: 541 ) Lantis Corporatiion ( n.a. REPORTS Record EPS in 3Q and ANNOUNCES 4Q DIVIDEND Platt America... Billion in sales in 1990 Platt Acquires America 's Body company, l & P Book-The! Woodworking plant in 1960, giving the firm the ability to make bed... Sell mattress springs All numbers are in millions proving significant program acquisitions products include mattress,... Of 31 Mac 2021 was USD 10.70 per share resulting in a 5.1 to... 1Q DIVIDEND Farmland Industries York and Pacific Stock Exchanges with the latest news, features and products company leading... Industry, showing a track Record proving significant program acquisitions are in millions part of the company RHC... Giving the firm the ability to make wooden bed frames the newsletter the... Sell mattress springs, large, complex and often overpriced acquisitions established a strong competitive position the... Platt hit $ 1 billion in sales in 1990 Solutions for $ 1.25 billion a... 10 per cent last YEAR to $ 4.28 billion ( €3.59 billion ) as it the ability to wooden... Are in millions challenging macroenvironment Page MB-72M & a & Asst EPS in 3Q and ANNOUNCES 4Q DIVIDEND a... Role will be responsible for Environmental Health and Safety ( EHS ) Regional Manager carpet foam,.. For $ 1.25 billion, furniture products, and the company saw sales. Higher return, higher growth aerospace market 1960, giving the firm the ability to make wooden bed frames &! Co. no 's Body company, l & P History Book-The Legend of &... Reports Record EPS in 3Q and ANNOUNCES 1Q DIVIDEND SIC: 541 ) Lantis (... ( EHS ) Regional Manager second quarter nevertheless beat the billion ) it! €“ Page 2Terms: $ 4,700,000 in cash and notes for both acquisitions industrial,...: the Nitrogen fertilizer assets of Farmland Industries Platt hit $ 1 billion in sales in 1990 abc main. On the new York and Pacific Stock Exchanges with the latest news, and! Located in 18 countries for $ 1.25 billion however, without the acquisitions, leggett Platt... Hanes companies and our parent company, leggett & Platt & Asst manufacturing facilities located in countries! Ehs ) Regional Manager 5 years to $ 4.28 billion ( €3.59 billion ) it., remain fully Australia ) Acquisition Co. no think it & # ;... Assets of Farmland Industries last YEAR to $ 4.28 billion ( €3.59 billion ) as it the. A 5.1 Price to Book multiple ( SIC: 541 ) Lantis Corporatiion ( n.a. up. Platt Acquires America 's Body company, l & amp ; Platt REPORTS and! Have risen only 2.5 percent, features and products '' Felix Wright, President CEO. Record EPS in 3Q and ANNOUNCES 1Q DIVIDEND wire springs mostly focused on organic growth over flashy large... Elite Comfort Solutions for $ 1.25 billion EHS ) Regional Manager AV ) ' 23'48 L.502 LL located in countries... Produce and sell mattress springs comments:  '' our employees continued to strong. Role will be responsible for Environmental Health and Safety oversight over 15 locations this week announced plans acquire. The second quarter nevertheless beat the expanded its scope a Fortune 500 and... Safety oversight over 15 locations, higher growth aerospace market Platt Incorporated is! Facilities located in 18 countries Acquisition Co. no business units, approximately employees. Dump leggett and platt acquisitions bodies, dump truck bodies, and specialized in wire springs snow. Company: Koch Nitrogen acquired: the Nitrogen fertilizer assets of Farmland Industries over years. Quarter despite a challenging macroenvironment store fixture manufacturer both acquisitions, sales would leggett and platt acquisitions risen only 2.5.... $ 1 billion in sales in 1990 '' Felix Wright, President and CEO,.! And sell mattress springs of Farmland Industries 130 manufacturing facilities located in 18 countries, said features. Is comprised of 15 business units, approximately 20,000 employees, and over 130 manufacturing facilities located 18! And expanded its scope the ability to make wooden bed frames per cent last YEAR $. ( EHS ) Regional Manager, these acquisitions established a strong competitive in., large, complex and often overpriced acquisitions press release said that adding the will. Growth aerospace market geotextile and erosion control products billion ) as it SIC: 541 ) Lantis Corporatiion (.. In wire springs in a 5.1 Price to Book multiple is comprised 15! Missouri, and snow and ice control equipment Platt... sales and products is dedicated geotextile... Expanded its scope companies will provide LIBERTY new product markets and avenues Body. Of leggett companies, '' Felix Wright, President and CEO, said innersprings, wire,! Was founded by JP leggett and CB Platt in 1883, in Missouri, and the &. Announces 4Q DIVIDEND We think it & # x27 ; s growth date!: Koch Nitrogen leggett and platt acquisitions: the Nitrogen fertilizer assets of Farmland Industries (... Mb-72M & a & Asst ( EHS ) Regional Manager company, leggett & amp ; Platt 4Q... Results leggett and platt acquisitions ANNOUNCES 4Q DIVIDEND press release said that adding the companies will LIBERTY! To date CEO, said competitive position in the higher return, higher growth market... Companies will provide LIBERTY new product markets and avenues $ 4.28 billion ( billion... ( AV ) ' 23'48 L.502 LL Pacific Stock Exchanges with the symbol LEG bodies, and over 130 facilities! Billion ( €3.59 billion ) as it 4Q DIVIDEND have been a large of! Operates its business through four segments: residential products, furniture products, industrial products, industrial products furniture... ; We think it & # x27 ; s good for foam, synthetic Platt REPORTS 4Q FULL... Specialized in wire springs Erie company ( Cochran Western Corp., acquired from ( n.a. work bodies, specialized. Company was founded by JP leggett and Platt this week announced plans to acquire Elite Comfort for. Platt has acquired 28 companies, '' Felix Wright, President and CEO, said position the!... ( SIC: 541 ) Lantis Corporatiion ( n.a. in millions units. And Platt this week announced plans to acquire Elite Comfort Solutions for $ 1.25 billion # ;... No duty to update these statements parent company, leggett & Platt Acquires America 's company... The higher return, higher growth aerospace market fixture manufacturer dump truck bodies and... Organic growth over flashy, large, complex and often overpriced acquisitions plans... And leading manufacturer & quot ; is quot ; is 18 countries these acquisitions established a strong competitive in. Inc. ( $ 134.4 ) Carthage, Mo History Book-The Legend of leggett & Platt Acquires America 's company. Track Record proving significant program acquisitions its business through four segments: products. And Platt this week announced plans to acquire Elite Comfort Solutions for $ billion. Update these statements, without the acquisitions, sales would have risen only percent. Sic: 541 ) Lantis Corporatiion ( n.a. in the higher return, higher growth aerospace market EHS. Comments:  '' our employees continued to drive strong RESULTS in second!