M&A Deal Summary

Leggett & Platt Acquires Sterling & Adams Bentwood

On January 1, 2002, Leggett & Platt acquired furniture company Sterling & Adams Bentwood

Acquisition Highlights
  • This is Leggett & Platt’s 6th transaction in the Furniture sector.
  • This is Leggett & Platt’s 10th transaction in the United States.
  • This is Leggett & Platt’s 2nd transaction in North Carolina.

M&A Deal Summary
Date 2002-01-01
Target Sterling & Adams Bentwood
Sector Furniture
Buyer(s) Leggett & Platt
Deal Type Add-on Acquisition

Target

Sterling & Adams Bentwood

Lenoir, North Carolina, United States
Sterling & Adams Bentwood, Inc., is a manufacturer of laminated curved plywood in the country, delivering superior products and service to match has earned us our reputation of excellence in the residential and contract furniture industries.

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Buyer(S) 1

Buyer

Leggett & Platt

Carthage, Missouri, United States

website

Category Company
Founded 1883
Sector Manufacturing
Employees19,900
Revenue 5.1B USD (2022)
DESCRIPTION
Entrance to Leggett & Platt's corporate headquarters in Carthage, Missouri.
Entrance to Leggett & Platt's corporate headquarters in Carthage, Missouri.

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. 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. The Company's commercial fixtures and components group designs, produces, installs and manages our customers’ store fixtures projects as well as designs, manufactures, and distributes a wide range of engineered components and products primarily for the office seating market. The Company's industrial materials segment manufactures a variety of wires and tubing products. The Company's specialized product segment designs, produces and sells components for automotive seating, specialized machinery and equipment, and service van interiors. Leggett & Platt was formed in 1883 and is based in Carthage, Missouri.

DEAL STATS #
Overall 14 of 29
Sector (Furniture) 6 of 13
Type (Add-on Acquisition) 14 of 28
State (North Carolina) 2 of 2
Country (United States) 10 of 22
Year (2002) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-06-01 Displayplan

Baldock, United Kingdom

Displayplan is a retail display consultant, providing a complete service from concept, through design and sourcing to finished product delivery. Displayplan was founded in 1984 and is based in Baldock, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-10 RHC/Spacemaster

Melrose Park, Illinois, United States

RHC/Spacemaster Corp., produces a broad range of metal and wood store fixtures. Products include wall systems, showcase frames, garment racks, gondolas, brackets, checkout stands, display tables, and other fixtures.

Buy -
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