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Sector-wide pressure to secure component supply chains has pushed bedding manufacturers toward vertical integration.
Somnigroup International (NYSE: SGI) completed that move on August 26, 2026 with its combination with Leggett & Platt, Incorporated, a diversified manufacturer of engineered components and products, in an all-stock transaction valued at approximately $2.3 billion inclusive of Leggett & Platt's existing indebtedness and based on SGI's closing share price on August 25, 2026.
The combined company now runs over 170 manufacturing facilities across 37 countries, supported by more than 36,000 employees.
Leggett & Platt shareholders received 0.1455 SGI shares for each share held and own approximately 9% of the combined company on a fully diluted basis.
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