United States $18 Billion Bedding Giant Somnigroup International Buys United States Engineered Components Company Leggett & Platt for $2.5 Billion in All-Share Merger, Leggett & Platt Founded in 1883 by J.P. Leggett and C.B. Platt, Leggett & Platt Current Market Value at $1.7 Billion, Share Price +10.7% YTD, +77.3% Last 12 Months & -75% Last 5 Years
18th April 2026 | Hong Kong
United States bedding giant Somnigroup International ($18 billion market value) has announced to buy United States engineered components company Leggett & Platt for $2.5 billion in all-share merger. Leggett & Platt was founded in 1883 by J.P. Leggett and C.B Platt. Leggett & Platt current market value at $1.7 billion, share price +10.7% YTD, +77.3% last 12 months & -75% last 5 years. Leggett and Platt – Leggett & Platt is a diversified manufacturer that designs and produces a broad variety of engineered components and products that can be found in many homes and automobiles. It is a leading supplier of bedding components and solutions; automotive seat comfort and convenience systems; home and work furniture components; geo components; flooring underlayment; and hydraulic cylinders for material handling and heavy construction applications. Somnigroup International – Somnigroup is the world’s leading bedding company, dedicated to transforming how the world sleeps. With superior capabilities in design, manufacturing, distribution and retail, Somnigroup delivers breakthrough sleep solutions and serves the evolving needs of consumers in more than 100 countries worldwide, through its fully-owned businesses, Tempur Sealy, Mattress Firm and Dreams. Somnigroup’s 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 sleep solutions.
“ United States $18 Billion Bedding Giant Somnigroup International Buys United States Engineered Components Company Leggett & Platt for $2.5 Billion in All-Share Merger, Leggett & Platt Founded in 1883 by J.P. Leggett and C.B. Platt, Leggett & Platt Current Market Value at $1.7 Billion, Share Price +10.7% YTD, +77.3% Last 12 Months & -75% Last 5 Years “
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United States $18 Billion Bedding Giant Somnigroup International Buys United States Engineered Components Company Leggett & Platt for $2.5 Billion in All-Share Merger, Leggett & Platt Founded in 1883 by J.P. Leggett and C.B. Platt, Leggett & Platt Current Market Value at $1.7 Billion, Share Price +10.7% YTD, +77.3% Last 12 Months & -75% Last 5 Years
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