Leggett & Platt Completes Asset Acquisition/Disposition
Ticker: LEG · Form: 8-K · Filed: Aug 29, 2025
Sentiment: neutral
Topics: acquisition, disposition, assets
TL;DR
Leggett & Platt just filed an 8-K for asset acquisition/disposition. Big move.
AI Summary
Leggett & Platt, Inc. filed an 8-K on August 29, 2025, reporting the completion of an acquisition or disposition of assets. The filing also includes Regulation FD Disclosure and Financial Statements and Exhibits. The company is incorporated in Missouri and headquartered in Carthage, MO.
Why It Matters
This filing indicates a significant corporate action involving the transfer of assets, which could impact the company's financial structure and future operations.
Risk Assessment
Risk Level: medium — Acquisitions and dispositions of assets can carry inherent risks related to integration, valuation, and market reception.
Key Numbers
- 001-07845 — SEC File Number (Identifies the company's filing with the SEC.)
- 44-0324630 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- LEGGETT & PLATT, INC (company) — Registrant
- Missouri (jurisdiction) — State of incorporation
- Carthage, MO (location) — Principal executive offices
FAQ
What specific assets were acquired or disposed of by Leggett & Platt, Inc.?
The filing does not specify the exact assets involved in the acquisition or disposition, only that such an event has occurred.
What was the date of the completion of the asset acquisition or disposition?
The earliest event reported, which includes the completion of the acquisition or disposition of assets, is dated August 29, 2025.
What is the primary business of Leggett & Platt, Inc.?
Leggett & Platt, Inc. is in the HOUSEHOLD FURNITURE industry, SIC code 2510.
Where are Leggett & Platt, Inc.'s principal executive offices located?
The principal executive offices are located at 1 Leggett Road, Carthage, MO 64836.
What other information is included in this 8-K filing besides the asset transaction?
This filing also includes Regulation FD Disclosure and Financial Statements and Exhibits.
Filing Stats: 1,147 words · 5 min read · ~4 pages · Grade level 12.1 · Accepted 2025-08-29 09:09:49
Key Financial Figures
- $285.8 million — g "), an Estimated Purchase Price of US $285.8 million was paid to Leggett in cash. The determ
- $190 million — ees and generated net trade sales of US $190 million in 2024. Neither Tinicum, the Purchase
Filing Documents
- leg-20250829.htm (8-K) — 46KB
- exhibit991-leggettplattann.htm (EX-99.1) — 23KB
- legex992unauditedproformas.htm (EX-99.2) — 185KB
- image_0a.jpg (GRAPHIC) — 6KB
- image_1a.jpg (GRAPHIC) — 25KB
- 0000058492-25-000494.txt ( ) — 434KB
- leg-20250829.xsd (EX-101.SCH) — 2KB
- leg-20250829_lab.xml (EX-101.LAB) — 21KB
- leg-20250829_pre.xml (EX-101.PRE) — 12KB
- leg-20250829_htm.xml (XML) — 3KB
01 Completion of Acquisition or Disposition of Assets
Item 2.01 Completion of Acquisition or Disposition of Assets. On August 29, 2025, Leggett & Platt, Incorporated (" Leggett " or " Company ") completed the previously announced sale of certain legal entities comprising Leggett's Aerospace Products Group pursuant to the Share Purchase Agreement, dated April 2, 2025 (the " Purchase Agreement "). Under the Purchase Agreement, Flow Intermediate II, LLC, a Delaware limited liability company, and Flow UK Holdco, Limited, a UK corporation (collectively, the " Purchaser Entities ") purchased all of the outstanding shares and other equity interests of certain legal entities comprising Leggett's Aerospace Products Group (the " Aerospace Transaction "). The Purchaser Entities are owned by investment partnerships advised by Tinicum Incorporated (" Tinicum "), a U.S.-based private investment firm. Reference is made to the Purchase Agreement, which was filed as Exhibit 2.1 to the Company's Form 8-K on April 2, 2025. Capitalized terms used but not defined herein have the meanings set forth in the Purchase Agreement. At the closing of the Aerospace Transaction contemplated by the Purchase Agreement (the " Closing "), an Estimated Purchase Price of US $285.8 million was paid to Leggett in cash. The determination of the final Purchase Price is subject to customary post-Closing adjustments based upon Target Working Capital, Cash, and Indebtedness as described in the Purchase Agreement. 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 is comprised of seven manufacturing facilities located in the United States, the United Kingdom, and France with approximately 700 employees and generated net trade sales of US $190 million in 2024. Neither Tinicum, the Purchaser Entities, nor their respective affiliates is a party to any material relationship with Leggett or its affiliates other than
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On August 29, 2025, Leggett issued a press release announcing the Closing of the Aerospace Transaction and revised sales and earnings guidance of the Company. A copy of the press release is furnished as Exhibit 99.1 and is incorporated herein by reference. The information disclosed under this Item 7.01 is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the " Exchange Act "), or otherwise subject to the liabilities of that section. This information shall not be incorporated by reference into any document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (b) Pro Forma Financial Information . The Company is filing: (i) unaudited pro forma consolidated condensed statement of operations for the six months ended June 30, 2025, (ii) unaudited pro forma consolidated condensed statement of operations for the year ended December 31, 2024, (iii) unaudited pro forma consolidated condensed balance sheet as of June 30, 2025, and (iv) the notes thereto, all of which gives effect to the Aerospace Transaction, and are attached hereto as Exhibit 99.2 to this Form 8-K and are incorporated herein by reference. 2 d) Exhibits . EXHIBIT INDEX Exhibit No. Description 2.1 Share Purchase Agreement by and between Leggett & Platt, Incorporated, Flow Intermediate II, LLC and Flow UK Holdco, Limited dated April 2, 2025 filed April 2, 2025, as Exhibit 2.1 to the Company's Form 8-K, is incorporated by reference. Pursuant to Item 601(a)(5) of Regulation S-K , schedules (and similar attachments) to the Share Purchase Agreement have been omitted because they do not contain information material to an investment or voting decision and such information is not otherwise disclosed in this exhibit. Leggett agrees to furnish, supplementally, a copy of any omitted schedule to the SEC or its staff upon request. 99.1* Press Release of Leggett & Platt, Incorporated, dated August 29, 2025 99.2** Unaudited pro forma consolidated condensed financial statements of the Company, giving effect to the Aerospace Transaction, which include: (i) unaudited pro forma consolidated condensed statements of operation s for the six months ended June 30, 2025 and for the year ended December 31, 2024, and (ii) unaudited pro forma consolidated condensed balance sheet as of June 30, 2025 104 Cover Page Interactive Data File (embedded within the inline XBRL document) * Denotes furnished herewith. ** Denotes filed herewith. 3
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LEGGETT & PLATT, INCORPORATED Date: August 29, 2025 By: /s/ JENNIFER J. DAVIS Jennifer J. Davis Executive Vice President - General Counsel 4