Leggett & Platt

Maker of boxsprings and technical components.

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Headquarters: 1 Leggett Road
Carthage, MO 64836
Employees: 33,000
CEO: David Haffner
Stock Symbol: LEG

Website: http://www.leggett.com

Career Site

Leggett & Platt is a diversified manufacturer that conceives, designs and produces a broad variety of engineered components and products that can be found in virtually every home, office, retail store, and automobile.

While Leggett & Platt may not be a familiar name to you, chances are you sleep on a bed made with Leggett components - box spring, innerspring, foam and fiber or relaxed in a recliner that is powered by an L&P motion mechanism.

Leggett & Platt is North America's leading independent manufacturer of the following: a) retail store fixtures and point of purchase displays; b) carpet underlay; c) adjustable beds; d) components for office furniture; e) non-automotive aluminum die castings; f) drawn steel wire; g) components for residential furniture and bedding; h) automotive seat support and lumbar systems; and i) bedding industry machinery for wire forming, sewing and quilting.

The company serves a wide array of manufacturers and retailers, with no single customer accounting for 5% of sales. Primary raw materials include steel and aluminum, followed by smaller amounts of chemicals, wood, and plastics. Main operations include metal stamping, forming, casting, machining, coating, welding, wire drawing, and assembly. It has 300 locations in more than 20 countries.

The company has made more than 160 acquisitions over the past decade.

Leggett & Platt had sales of $5.29 billion in 2005 and net income of $251.3 million.

History

J.P. Leggett and C.B. Platt were both residents of Carthage, a county seat in southwest Missouri, when they formed their business partnership in 1883.

J.P. Leggett was an inventor and had several patents to his credit. When he developed the idea for a spiral steel coil bedspring, he went to his brother-in-law, C.B. Platt, for his manufacturing capability and expertise.

Together they produced the L&P bedspring, patented in 1885, which offered the best night's sleep yet available.
Their partnership prospered and the business was incorporated in 1901.

Benefits

- Base Salary and Bonus Potential

- Medical Benefits

- Dental Benefits/Vision Plans

- 401(k) and profit sharing

Updated August 13, 2006

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