M&A Deal Summary

Leggett & Platt Acquires Sponge Cushion

On April 5, 2006, Leggett & Platt acquired furniture company Sponge Cushion

Acquisition Highlights
  • This is Leggett & Platt’s 12th transaction in the Furniture sector.
  • This is Leggett & Platt’s 18th transaction in the United States.
  • This is Leggett & Platt’s 4th transaction in Illinois.

M&A Deal Summary
Date 2006-04-05
Target Sponge Cushion
Sector Furniture
Buyer(s) Leggett & Platt
Deal Type Add-on Acquisition

Target

Sponge Cushion

Morris, Illinois, United States
Sponge Cushion, Inc., is a manufacturing quality hospitality, commercial, and residential carpet cushion and laminate and wood acoustic underlayments all with an environmental attitude.

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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 24 of 30
Sector (Furniture) 12 of 13
Type (Add-on Acquisition) 23 of 29
State (Illinois) 4 of 4
Country (United States) 18 of 23
Year (2006) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-17 Griptex Industries

Cartersville, Georgia, United States

Griptex Industries, Inc., a manufacturer of non slip textile products for the home.and industry. Griptex products include Wonderliner shelf liners, non-slip rug underlay, liners for the supermarket industry and OEM products for RV-marine, medical, industrial and automotive industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-12 Gamber-Johnson

Stevens Point, Wisconsin, United States

Gamber-Johnson is a manufacturer of ruggedized computer mounting systems that are designed to safely secure and stabilize electronics in professional vehicles for various end markets. Gamber-Johnson was formed in 1954 and is based in Stevens Point, Wisconsin.

Buy -
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