The Urethane Blog
January 20, 2026
Somnigroup to Engage in Discussions with Leggett & Platt
DALLAS, Jan. 20, 2026 /PRNewswire/ — Somnigroup International Inc. (NYSE: SGI, “Somnigroup”) today issued the following statement in response to the announcement by Leggett & Platt Inc. (NYSE: LEG) that its Board of Directors has authorized discussions and entered into a customary non-disclosure agreement to facilitate due diligence and discussions with Somnigroup:
“We welcome the Board’s willingness to engage in discussions with us and we look forward to conducting customary due diligence. Somnigroup remains committed to pursuing a transaction that will deliver substantial value to shareholders of both companies. However, as we advised Leggett & Platt in declining to revise our proposal in advance of customary due diligence, we believe that our proposed all-stock transaction for value of $12 per share, as previously announced on December 1, 2025, represents fair value for Leggett & Platt. Our proposal offers Leggett & Platt shareholders a 30% premium to the unaffected 30-day average price of Leggett & Platt’s shares as of that date, and an opportunity to participate in the future growth of the combined company.”
No assurance can be given that any transaction will be agreed or consummated, or the timing, price, terms or conditions of any such transaction.
Somnigroup does not intend to comment further on market speculation or to disclose any developments unless and until it otherwise deems further disclosure is appropriate or required.
Goldman Sachs & Co. LLC is serving as financial advisor to Somnigroup and Cleary Gottlieb Steen & Hamilton LLP is serving as its legal advisor.
Customary Approvals
Completion of the contemplated transaction is contingent upon reaching a definitive agreement and would be subject to the satisfaction of customary closing conditions, including receipt of Leggett & Platt shareholder approval and required regulatory approvals. The proposed transaction would not be subject to any financing contingencies or approval by Somnigroup’s shareholders.
Forward Looking Statements
This communication contains statements that may be characterized as “forward-looking,” within the meaning of the federal securities laws. Such statements might include information concerning one or more of Somnigroup’s plans, guidance, objectives, goals, strategies and other information that is not historical information. When used in this release, the words “assumes,” “estimates,” “expects,” “guidance,” “anticipates,” “might,” “projects,” “plans,” “proposed,” “targets,” “intends,” “believes,” “will,” “contemplates” and variations of such words or similar expressions are intended to identify forward-looking statements. These forward-looking statements include, without limitation, statements regarding Somnigroup’s proposal to acquire Leggett & Platt (including the benefits, results, effects and timing of a transaction) and any statements regarding Somnigroup’s (and Somnigroup’s and Leggett & Platt’s combined) expected future financial position, results of operations, cash flows, dividends, financing plans, business strategy, budgets, capital expenditures, competitive positions, growth opportunities and plans and objectives of management. Any forward-looking statements contained herein are based upon current expectations and beliefs and various assumptions. There can be no assurance that Somnigroup (or the combined company) will realize these expectations, meet its guidance or that these beliefs will prove correct.
Numerous factors, many of which are beyond Somnigroup’s control, could cause actual results to differ materially from any that may be expressed herein as forward-looking statements. These potential risks include general economic, financial and industry conditions, particularly conditions relating to the financial performance and related credit issues present in the retail sector, as well as consumer confidence and the availability of consumer financing; the impact of the macroeconomic environment in both the U.S. and internationally on Somnigroup; uncertainties arising from national and global events; industry competition; the effects of consolidation of retailers on revenues and costs; and consumer acceptance and changes in demand for Somnigroup’s products and the other factors discussed in Somnigroup’s Annual Report on Form 10-K for the year ended December 31, 2024. There may be other factors that may cause Somnigroup ‘s actual results to differ materially from the forward-looking statements. Somnigroup undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made.
Additional Information
This communication relates to a proposal which Somnigroup has made for a business combination transaction with Leggett & Platt. In furtherance of this proposal and subject to future developments, Somnigroup (and, if a negotiated transaction is agreed, Leggett & Platt) may file one or more registration statements, proxy statements, tender offer statements, prospectuses or other documents with the Securities and Exchange Commission (the “SEC”). This communication is not a substitute for any proxy statement, registration statement, tender offer statement, prospectus or other document Somnigroup and/or Leggett & Platt may file with the SEC in connection with the proposed transaction. INVESTORS AND SECURITY HOLDERS OF SOMNIGROUP AND LEGGETT & PLATT ARE URGED TO READ THE PROXY STATEMENT(S), REGISTRATION STATEMENT(S), TENDER OFFER STATEMENT(S), PROSPECTUS(ES) AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Any definitive proxy statement(s) or prospectus(es) (if and when available) will be mailed to stockholders of Somnigroup and Leggett & Platt, as applicable. Investors and security holders will be able to obtain copies of these documents (if and when available) as well as other filings containing information about Somnigroup and Leggett & Platt, free of charge on the SEC’s website at www.sec.gov. Those documents, when filed, as well as Somnigroup’s other public filings with the SEC, may be obtained free of charge on Somnigroup’s website at www.somnigroup.com.
Somnigroup and its directors, executive officers and certain other members of management and employees may be deemed to be participants in any solicitation with respect to the proposed transaction under the rules of the SEC. You can find information about Somnigroup’s executive officers and directors in Somnigroup’s definitive proxy statement filed with the SEC on March 31, 2025. Additional information regarding the interests of such potential participants will be included in one or more registration statements, proxy statements, tender offer statements, prospectuses or other documents filed with the SEC if and when they become available. You may obtain free copies of these documents using the sources indicated above.
This communication shall not constitute an offer to sell, buy or exchange or the solicitation of an offer to sell, buy or exchange any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
About Somnigroup
Somnigroup (NYSE: SGI) is the world’s largest bedding company, dedicated to improving people’s lives through better sleep. With superior capabilities in design, manufacturing, distribution and retail, we deliver breakthrough sleep solutions and serve the evolving needs of consumers in more than 100 countries worldwide through our fully-owned businesses, Tempur Sealy, Mattress Firm and Dreams. Our portfolio includes the most highly recognized brands in the industry, including Tempur-Pedic®, Sealy®, Stearns & Foster®, and Sleepy’s®, and our global omni-channel platform enables us to meet consumers wherever they shop, offering a personal connection and innovation to provide a unique retail experience and tailored solutions.
We seek to deliver long-term value for our shareholders through prudent capital allocation, including managing investments in our businesses. We are guided by our core value of Doing the Right Thing and committed to our global responsibility to protect the environment and the communities in which we operate. For more information, please visit www.Somnigroup.com.
January 19, 2026
EVERDYME™ – DIMER ACID
Three grades available to replace Unidyme in demanding formulations.
Everdyme™ dimer acids provide formulators with a dependable alternative to Kraton’s decommissioned Unidyme products – without sacrificing performance or consistency.
Available in three carefully engineered grades, Everdyme delivers the flexibility, adhesion, and durability required in demanding systems, including polyamides, epoxy curing agents, inks, coatings, adhesives, down-hole corrosion inhibitors, and more.
- – Unidyme replacement options
- – Consistent, high-purity chemistry with controlled molecular distribution
- – Excellent flexibility, hydrolytic stability, and adhesion
- – Supported by Everchem’s technical expertise and reliable supply
Let us help you select the right EVERDYME
grade for your formulation.
Reply to this email or contact us on our website by clicking here
EVERDYME 150
Standard Dimer: Everdyme 150 is a general-purpose dimer acid derived from the dimerization of unsaturated fatty acids. It offers a reliable balance of reactivity, flexibility, and hydrophobicity, making it ideal for use in polyamide resins, adhesives, and corrosion-resistant coatings. With consistent quality and performance, it serves a broad range of industrial applications.
TDS + SDS link
Offset to: Unidyme 18, Pripol 1017, Envadym 175, KLK DS-10 Radiacid 950, Emery 2003
EVERDYME 151
Low-color Dimer: Everdyme 151 is a high-purity dimer acid designed for applications requiring improved color stability and reduced monomer content. It is well-suited for the production of low-yellowing adhesives, specialty polyamides, and high-end coatings. The product maintains the chemical resistance and flexibility of traditional dimer acids while offering enhanced optical clarity and formulation control.
TDS + SDS link
Offset to: Unidyme 18, Pripol 1017, Envadym 175, KLK DS-10, Radiacid 951, Emery 2003
EVERDYME 259
Distilled Dimer: Everdyme 259 is a distilled, high-purity dimer acid characterized by a high dimer content and minimal monomer and trimer levels. With excellent color, elevated acid value, and superior reactivity, it is optimized for high-performance epoxy curing agents, reactive polyamide systems, and specialty coatings. This grade delivers consistent viscosity and molecular precision in demanding formulations.
TDS+SDS link
Offset to: Unidyme 22, KLK DS-10, Radiacid 959
January 14, 2026
Pearl Group extends new five-year contract to CEO Martin Kruczinna
United Arab Emirates, 13 January 2026: Pearl Group, a global provider of polyurethane (PU) insulation solutions and other PU-based applications, announced today it has extended the contract of its global chief executive officer, Martin Kruczinna, for a further five years. Martin’s leadership will continue to drive the company’s progress in its ambition to become the global market leader in polyurethane-based solutions by 2034.
A champion of sustainability and diversity, Martin has led several initiatives to increase environmentally-friendly practices and diversity in the chemicals industry. Under his leadership, Pearl has introduced more sustainable product ingredients, advocated for stronger building code standards, and actively influenced climate policy – including through Pearl’s participation at COP28. Its inclusive hiring practices have substantially increased female representation in the company, which also employs colleagues from more than 20 nationalities.
Martin Kruczinna, CEO of Pearl Group, commented: “I am thrilled to remain at Pearl to lead a company that is going from strength to strength. Although the team has successfully achieved the ambitious targets set out as “Pearl x2” five years ago, we are far from finished: as we continue to enter new markets, extend our product lines and be an agent of change against global warming, I am proud of the progress we have collectively made in the last five years. There is so much unleveraged potential, and I can’t wait to build on these opportunities with our team.”
Martin joined Pearl as CEO in 2021, and his focus on building a strong internal culture has created the foundation for a company that values high performance and empowerment, while celebrating successes and enjoying the journey. As a result, Pearl achieved the Great Place to Work certification in 2024.
About Pearl
Pearl Group is a global award-winning provider of innovative polyurethane-based systems. With deep foundations in the research and development of polyurethane solutions, Pearl Group offers clients tailor-made systems to meet their exact requirements across a broad range of sectors and applications. Its state-of-the-art plants and warehouses in the UAE, Saudi Arabia, Vietnam and Egypt, an Indian distribution hub in Maharashtra, and sales offices in Australia and Germany, Pearl Group offers a comprehensive range of polyurethane systems, prepolymers, and polyesters for the production of high-performance polyurethane foams, coatings, binders, and elastomers.
Formerly known as Bayer Pearl and Pearl Covestro, Pearl Group has a proven track record of more than 35 years in the Middle East region. The company’s roots date back to Otto Bayer – the German inventor of industrial polyurethane production in 1937.
Website: https://pearlpolyurethane.com/
LinkedIn: https://www.linkedin.com/company/pearl-polyurethane-systems
January 13, 2026
Arclin Expands Presence with Strategic Acquisition of Willamette Valley Company
December 18, 2025, 6:27 AM ET
ALPHARETTA, Ga., Dec. 18, 2025 /PRNewswire/ — Arclin, a leading material science company, announced that it has entered into an agreement to purchase Willamette Valley Company (“WVCO”), a manufacturer and distributor of a wide variety of custom products and services in the wood products, railroad, concrete repair, transportation, infrastructure and consumer products segments.
“We are thrilled to welcome Willamette Valley Company to our organization,” said Bradley Bolduc, Arclin’s CEO. “Their innovative technologies and product portfolio perfectly complement our business, creating a beneficial combination for our customers. With a shared commitment to quality across wood products, this acquisition positions us to deliver even greater value and expand opportunities across the segments we serve,” said Bolduc.
The acquisition of WVCO is a pivotal step in extending Arclin’s materials science capabilities into engineered repair systems, specialty adhesives, and infrastructure solutions where performance-critical polymers and formulations are central to customer outcomes. The acquisition will add eight manufacturing facilities and approximately 500 new team members to Arclin’s existing 1,200-person team.
“The acquisition represents a highly strategic move with clear operational efficiencies,” said Mark Glaspey, Arclin’s President. “By combining our capabilities, we will deliver a broader portfolio of solutions to our customers, while expanding geographic reach and unlocking new growth opportunities.”
“The decision to sell Willamette Valley Company to Arclin represents a natural progression for our business,” said John Murray, WVCO’s President and CEO. “Arclin’s world-class operational framework will accelerate our product innovation and drive sustainable growth. Combining Arclin and WVCO’s deep technical expertise, broad knowledge base and ability to rapidly deploy resources will be instrumental in driving our growth strategy. Joining Arclin is an exciting opportunity for our team and we’re eager to drive the business forward,” Murray added.
About Arclin
Arclin is a leading materials science company and manufacturer of polymer technologies, engineered products and specialized materials for the construction, agriculture, transportation infrastructure, weather & fire protection, pharmaceutical, nutrition, electronics, design and other industries. Headquartered in Alpharetta, Georgia, Arclin has offices and manufacturing facilities throughout the U.S., Canada, U.K., and manufactures for customers worldwide. For more information, visit www.arclin.com.
About Willamette Valley Company
Founded in 1952, the Willamette Valley Company is an engineered solutions provider specializing in a broad array of chemistry and application systems. WVCO is a multinational corporation that manufactures and distributes a wide variety of custom products and services around the globe. While their roots are in the wood products industry, their expertise and solutions encompass innovative railroad tie repair solutions, concrete repair systems, patching, fillers, adhesives, robotics, engineering and more across dozens of industries. For more information, visit https://wilvaco.com
January 13, 2026
Export Tax Rebate Adjustment on Photovoltaic Products & Polyether Polyols
PUdaily | Updated: January 12, 2026
For the polyurethane industry, the update is particularly relevant because it captures product classifications that may apply to polyether materials commonly traded as polyether polyols (depending on the exporter’s declared HS code and customs classification). As a result, affected exporters may face higher effective export costs after April 1, 2026, which could translate into adjustments in export offers and contract pricing discussions.
Market participants should monitor potential impacts on export netbacks and shipment planning. As rebate removal typically increases the effective export cost for in-scope products, exporters and buyers may also reassess shipment schedules and commercial terms ahead of the implementation date where feasible.
https://www.pudaily.com/Home/NewsDetails/61866
Key Policy Shift: China’s Polyether Polyols VAT Export Rebates Cancelled from April 2026
January 13, 2026
China’s Ministry of Finance and State Taxation Administration have announced the removal of VAT export rebates for polyether polyols (HS 39072990), effective April 1, 2026. This marks a pivotal moment for an industry where export dependency has reached ~33%, with 2026 exports projected at 2M tons.
The change will reshape competitiveness in global markets and accelerate strategic reviews across the polyether-PO value chain.
Propylene Oxide (PO): A Short-Term Demand Pulse
A short-term demand surge is expected as exporters accelerate orders pre-deadline. While current PO operating rates are high, the demand pulse may tighten availability. PO prices have already begun rising (up ~RMB 200/ton in Jiangsu), with further increases anticipated.
Downstream Ripple Effect: Cost pressure will extend to key PO derivatives.
- Propylene Glycol (PG)
- Propylene Carbonate (PC)
- Dimethyl Carbonate (DMC)
Looking Ahead: With over 2.5M tons of new polyether and PO capacity scheduled through 2028—including multiple 2026 startups—the industry faces both policy-driven restructuring and expanding supply.
#PolyetherPolyols #PropyleneOxide #ChemicalIndustry #ExportPolicy #ChinaMarket #PG #PC #DMC #SupplyChain
Views are personal and not those of the company.
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