Profile: Leggett & Platt Inc (LEG.N)
Leggett & Platt, Incorporated, incorporated on February 23, 1901, is an international manufacturer that conceives, designs and produces a range of engineered components and products found in many homes, offices, retail stores, automobiles and commercial aircraft. The Company's operations are organized into 20 business units, which are divided into 10 groups under its four segments: Residential Furnishings; Commercial Fixturing & Components; Industrial Materials, and Specialized Products. On January 12, 2012, the Company completed the acquisition of Western Pneumatic Tube Holding, LLC. In Leggett & Platt Inc acquired Specitubes SAS from PFW Aerospace AG.
Residential Furnishings Segment
The Company's Residential Furnishings segment supplies a variety of components used by bedding and upholstered furniture manufacturers in the assembly of their finished products. The Company's range of products offers the Company's customers a single source for many of their component needs. Products manufactured or distributed by the Company's Residential Furnishings groups include Bedding Group, which include innersprings (sets of steel coils, bound together, that form the core of a mattress) and wire forms for mattress foundations and Furniture Group, which include steel mechanisms and hardware (enabling furniture to recline, tilt, swivel, rock and elevate) for reclining chairs and sleeper sofas, springs and seat suspensions for chairs, sofas and love seats, bed frames, ornamental beds, and top-of-bed accessories, fabric and carpet underlay group, structural fabrics for mattresses, residential furniture and industrial uses, carpet underlay materials (bonded scrap foam, felt, rubber and prime foam), and geo components (synthetic fabrics and various other products used in ground stabilization, drainage protection, erosion and weed control, as well as silt fencing). The Company also sells many products, including ornamental beds, bed frames, adjustable beds, carpet underlay, and top-of-bed accessories, directly to retailers and distributors. The Company sells Geo Components products primarily to dealers, contractors, landscapers, road construction companies and government agencies.
Commercial Fixturing & Components Segment
The Company's Office Furniture Components group designs, manufactures, and distributes a range of engineered components targeted for the office seating market. Products manufactured or distributed by the Company's Commercial Fixturing & Components groups include Store Fixtures Group, which include store fixture packages for retailers, including shelving, counters, showcases and garment racks and Standardized shelving used by large retailers, grocery stores and discount chains and Office Furniture Components Group, which include bases, columns, back rests, casters and frames for office chairs, and control devices that allow office chairs to tilt, swivel and elevate.
Industrial Materials Segment
The Company has four wire mills that supply virtually all the wire consumed by its other domestic businesses. The Company's Steel Tubing business unit also supplies nearly all of the Company's internal needs for welded steel tubing. In addition to supporting the Company's internal requirements, the Company supplies many external customers with wire and steel tubing products. Products manufactured or distributed by the Company's Industrial Materials groups include tubing group and titanium and nickel tubing for the aerospace industry.
Specialized Products segment
Products manufactured or distributed by the Company's Specialized Products groups include Automotive Group, which include manual and power lumbar support and massage systems for automotive seating, low voltage motors and motion assemblies, and formed metal and wire components for seat frames; Machinery Group, which include a range of quilting machines for mattress covers, machines used to shape wire into various types of springs, and industrial sewing/finishing machines, and Commercial Vehicle Products Group, which include van interiors (the racks, shelving and cabinets installed in service vans).
Leggett & Platt Inc
NO. 1 LEGGETT ROAD
CARTHAGE MO 64836