Leggett & Platt Sells Its Aerospace Products Group for $285M

• Leggett & Platt (NYSE:LEG) said on Wednesday that it has signed an agreement to sell its Aerospace Products Group to affiliated funds managed by Tinicum Incorporated for a cash purchase price of $285M.
• The after-tax cash proceeds are expected to be approximately $240M.
• The Aerospace Products Group is a supplier of complex, highly engineered tube and duct assemblies for use primarily in commercial and military aircraft platforms and space launch vehicles.
• The business comprises seven manufacturing facilities located in the U.S., UK, and France and approximately 700 employees with net trade sales of $190M in 2024.
• This divestiture is part of the ongoing strategic business review, aimed at determining which businesses are the right long-term fit for the company.

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