Leggett & Platt Closes the Sale of its Aerospace Products Group
Provided By PR Newswire
Last update: Aug 29, 2025
Announces Subsequent Change to Full Year 2025 Guidance
CARTHAGE, Mo., Aug. 29, 2025 /PRNewswire/ -- Leggett & Platt announced today it successfully completed the sale of its Aerospace Products Group to affiliated funds managed by Tinicum Incorporated. The transaction is expected to result in after-tax proceeds of approximately $250 million. Proceeds will be used primarily to pay down debt and strengthen the Company's balance sheet and leverage ratio. This divestiture was part of the outcome of the strategic business review to identify and focus on businesses that align with the Company's long-term goals.
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