On August 29, 2025, Leggett & Platt announced the successful completion of the sale of its Aerospace Products Group to affiliated funds managed by Tinicum Incorporated. This divestiture is a key outcome of the company's strategic business review.
The transaction is expected to result in after-tax proceeds of approximately $250 million. These proceeds will be primarily utilized to pay down debt and strengthen Leggett & Platt's balance sheet, improving its overall leverage ratio.
The completion of this sale underscores Leggett & Platt's commitment to simplifying its portfolio and focusing on core businesses. This strategic move enhances the company's financial flexibility and positions it for future growth by reducing debt obligations.
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