Profile: Leggett & Platt Inc (LEG.N)
Leggett & Platt, Incorporated, incorporated on February 23, 1901, is a manufacturer that conceives, designs and produces a range of engineered components and products found in homes, offices, automobiles and commercial aircraft. The Company operates in four segments: Residential Furnishings, Commercial Products, Industrial Materials and Specialized Products. The Company's brands include ComfortCore, Mira-Coil, VertiCoil, Lura-Flex and Superlastic, which offer mattress innersprings; Semi-Flex, which manufactures box spring components and foundations; Active Support Technology, which manufactures mattress innersprings; Wall Hugger, which manufactures recliner chair mechanisms; Super Sagless, which manufactures motion and sofa sleeper mechanisms; No-Sag, which manufactures wire forms used in seating; LPSense, which offers capacitive sensing; Hanes, which offers fabric materials; Schukra, Pullmaflex and Flex-O-Lator, which provide automotive seating products, and Gribetz and Porter, which manufacture quilting and sewing machines.
Residential Furnishings Segment
The Company's Residential Furnishings segment manufactures steel coiled bedsprings. It supplies a range of components used by bedding and upholstered furniture manufacturers in the assembly of their finished products. The segment's product categories include bedding group, furniture group, and fabric and carpet cushion group. Its bedding group includes innersprings, such as sets of steel coils and wire forms for mattress foundations. Its furniture group includes Steel mechanisms and hardware, which enable furniture to recline, tilt, swivel, rock and elevate for reclining chairs and sleeper sofas, and springs and seat suspensions for chairs, sofas and love seats. Its fabric and carpet cushion group includes structural fabrics for mattresses, residential furniture and industrial uses; carpet cushion made from bonded scrap foam, fiber, rubber and prime foam, and geo components, such as synthetic fabrics and various other products used in ground stabilization, drainage protection, erosion and weed control, as well as silt fencing. The segment's customers include manufacturers of finished bedding (mattresses and foundations) and upholstered furniture; retailers and distributors of carpet cushion, and contractors, landscapers, road construction companies and government agencies using geo components.
Commercial Products Segment
In the Company's Commercial Products segment, it designs, manufactures and distributes a range of components and finished products for the office seating and specialty retail markets. It is a supplier of fashion beds and adjustable beds, with domestic manufacturing and distribution capability, as well as relationships with global sources. The Company's work furniture group offers bases, columns, back rests, casters and frames for office chairs, and control devices that allow office chairs to tilt, swivel and elevate, and select lines of private label finished furniture. Under the consumer products group, it offers fashion beds and bed frames, and adjustable beds. Its customers include office, institutional and commercial furniture manufacturers, and mattress manufacturers and retailers.
Industrial Materials Segment
The Company's wire group operates a steel rod mill with an annual output of approximately 500,000 tons. The Company has over three wire mills that supply wire consumed by its other domestic businesses. The Company's steel tubing business unit also supplies steel wire to external customers that operate in a range of markets. The products under wire group include drawn wire, fabricated wire products and steel rod. The Industrial Materials segment's customers include bedding producers; mechanical spring manufacturers, and waste recyclers and waste removal businesses.
Specialized Products Segment
The Company's Specialized Products segment designs, manufactures and sells products, including automotive seating components, tubing for the aerospace industry, specialized machinery and equipment, and service van interiors. Its product categories include automotive group, aerospace products group, machinery group and commercial vehicle products group. The products under automotive group are mechanical and pneumatic lumbar support and massage systems for automotive seating; seat suspension systems; automotive control cables, and low voltage motors and actuators. Products under the aerospace products group include titanium, nickel and stainless steel tubing and sub-assemblies for the aerospace industry. The machinery group's products include a range of quilting machines for mattress covers, and industrial sewing or finishing machines. The commercial vehicle products group's products include van interiors, such as the racks, shelving and cabinets installed in service vans, and computer docking stations. The segment's customers include automobile seating manufacturers; aerospace suppliers; bedding manufacturers, and telecommunication, cable, home service and delivery companies.
Leggett & Platt Inc
1 Leggett Rd
CARTHAGE MO 64836-9649