Engineered components producer Leggett announces five acquisitions
13 Oct '05
3 min read
Acquisition of this facility gives Leggett a well-developed operating presence in China from which to serve the growing domestic Chinese market, while continuing to meet existing U.S. demand.
Jia Jiang Furniture Mechanism Facility
Leggett recently acquired a motion furniture mechanism business in the city of Jia Jiang, northwest of Shanghai. This operation complements Leggett's existing plant, located southwest of Shanghai, which began producing furniture mechanisms in the spring of 2003. This new acquisition should add over $10 million in annual revenue to the Home Furniture & Consumer Products group within the Residential Furnishings segment.
Small Acquisitions
Finally, the Home Furniture & Consumer Products group also added two small operations in North America, which together will add about $10 million in sales revenue. Westex International, located near Toronto, Canada, produces a full line of high quality down comforters for distribution to a wide range of department stores and specialty shops in Canada. This new product offering is part of Leggett's recently launched "top of bed" category, and is sold in conjunction with our Fashion Bed Products.
Everwood Products is a producer of metal rocker bases and specialty components for the residential furniture industry. Located in northern Mississippi, this small stamping and fabrication facility is primarily focused on producing motion mechanisms for upholstered furniture.
Leggett & Platt is a diversified manufacturer that conceives, designs and produces a broad variety of engineered components and products for customers worldwide. J.P. Leggett and C.B. Platt were both residents of Carthage, a county seat in southwest Missouri, when they formed their business partnership in 1883. Together they produced the L&P bedspring, patented in 1885, which offered the best night's sleep yet available.
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