M&A Deal Summary

Leggett & Platt Acquires Southwest Carpet Pad

On January 1, 1999, Leggett & Platt acquired furniture company Southwest Carpet Pad

Acquisition Highlights
  • This is Leggett & Platt’s 3rd transaction in the Furniture sector.
  • This is Leggett & Platt’s 3rd transaction in the United States.
  • This is Leggett & Platt’s 1st transaction in Missouri.

M&A Deal Summary
Date 1999-01-01
Target Southwest Carpet Pad
Sector Furniture
Buyer(s) Leggett & Platt
Deal Type Add-on Acquisition

Target

Southwest Carpet Pad

Carthage, Missouri, United States
Southwest Carpet Pad, Inc. provides furniture.

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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 3 of 30
Sector (Furniture) 3 of 13
Type (Add-on Acquisition) 3 of 29
State (Missouri) 1 of 1
Country (United States) 3 of 23
Year (1999) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1988-01-01 Collier-Keyworth

Liberty, North Carolina, United States

Collier-Keyworth, Inc., manufactures furniture hardware, plate metal fabricator Furniture glides or cups or pads, Furniture bases or legs or leg extensions, Panel assemblies or sections, Table extension leafs, Slip covers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-02-01 Nagle Industries

White House, Tennessee, United States

Nagle Industries, Inc., manufactures actuator.

Buy -
Mergr

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