M&A Deal Summary

Leggett & Platt Acquires Foamex Rubber & Felt Carpet Cushion Business

On May 16, 2005, Leggett & Platt acquired furniture company Foamex Rubber & Felt Carpet Cushion Business from FXI for 39M USD

Acquisition Highlights
  • This is Leggett & Platt’s 9th transaction in the Furniture sector.
  • This is Leggett & Platt’s 3rd largest (disclosed) transaction.
  • This is Leggett & Platt’s 14th transaction in the United States.
  • This is Leggett & Platt’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2005-05-16
Target Foamex Rubber & Felt Carpet Cushion Business
Sector Furniture
Buyer(s) Leggett & Platt
Sellers(s) FXI
Deal Type Divestiture
Deal Value 39M USD

Target

Foamex Rubber & Felt Carpet Cushion Business

Linwood, Pennsylvania, United States
Foamex Rubber & Felt Carpet Cushion Businesses, a manufacturer of flexible polyurethane and advanced polymer foam products.

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Buyer(S) 1

Buyer

Leggett & Platt

Carthage, Missouri, United States
Category Company
Founded 1883
Sector Manufacturing
Employees19,300
Revenue 4.7B USD (2023)
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 19 of 30
Sector (Furniture) 9 of 13
Type (Divestiture) 1 of 1
State (Pennsylvania) 2 of 2
Country (United States) 14 of 23
Year (2005) 2 of 5
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Mary Ann Industries

Villa Rica, Georgia, United States

Mary Ann Industries, Inc., specializes in Furniture and Manufacturing & Industrial Supplies and erosion control for generations to come.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-12 Everwood Products

Pontotoc, Mississippi, United States

Everwood Products, Inc., 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.

Buy -

Seller(S) 1

SELLER

FXI

Radnor, Pennsylvania, United States
Category Company
Founded 1990
Sector Consumer Products
DESCRIPTION

FXI is a producer of foam products for the home, healthcare, electronics, industrial, personal care and transportation markets. Its products include finished goods, sub-assemblies, services and raw materials for OEMs, fabricators and retailers. FXI was founded in 1990 and is based in Radnor, Pennsylvania.

DEAL STATS #
Overall 1 of 1
Sector (Furniture) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2005) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-10 Anatomic Global

United States

Anatomic Global is a memory foam mattress manufacturer.

Buy -
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