Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
  • Tire Business
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • Automotive
    • Tire
    • Non-Tire
    • Suppliers
    • ITEC
    • Silicone
    • Online Exclusive
    • Latex
    • Technical Notebooks
    • Executive Action
    • Government/Legal
    • Opinion
    • Rubber Division IEC
    • Blogs
    • Sustainability
    • Products
    • Wacky World of Rubber
  • War in Ukraine
  • Custom
    • Sponsored Content
    • White Papers
  • Resources
    • Directory
    • Classifieds & Mold Mart
  • Data
  • Events
    • RN Events
    • RN Livestreams/Webinars
    • Industry Events
    • Past Events
    • Rubber News M&A Live
    • 2022 Hose & Belt Manufacturers Conference
    • 2022 International Silicone Conference
    • 2022 International Tire Exhibition & Conference (ITEC)
    • 2022 Women Breaking the Mold
  • Advertise
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
November 12, 2018 01:00 AM

Arsenal sells Elite Comfort Solutions to Leggett & Platt

Sarah Houlton
U-Tech International
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    CARTHAGE, Mo.—U.S. bed maker Leggett & Platt plans to buy Elite Comfort Solutions from Arsenal Capital Partners for $1.25 billion in cash.

    If regulators approve, the deal will close in January 2019.

    Arsenal started assembling Newnan, Ga.-based Elite in 2016. It combined Pacific Urethanes, Elite Foam, Peterson Chemical Technology, and other foam-pouring assets. It has a network of 16 facilities across the U.S. where it makes specialty foams and products.

    The company's annual sales in the year to September 2018 were $611 million.

    Leggett & Platt manufactures a range of products, including bedding components, adjustable beds and bedding industry machinery; automotive seat support and lumbar systems; components for home and work furniture; flooring underlay; and high-carbon drawn steel wire.

    Karl Glassman, Leggett & Platt 's president and CEO, said the acquisition will make his company a stronger supplier to the bedding industry. "(We will) gain critical capabilities in proprietary foam technology, along with scale in the production of private-label finished mattresses," he said.

    Tha acquisition also will help the company capitalize on current market trends, he added. These include the increasing use of hybrid and specialty grade foam technology in conventional and bed-in-a-box mattresses.

    John Televantos, a partner at Arsenal, called the acquisition was a good fit for ECS, and noted that the company is well positioned for growth within the industry.

    "We have built ECS to be the innovator in polyurethane foam and bedding markets," Televantos said. "We are delighted to see a great permanent home for ECS and its employees. Leggett & Platt is uniquely capable of continuing and strengthening the path we set for ECS, and we expect that the long history and great value they bring to the bedding industry will be enhanced with this acquisition."

    Letter
    to the
    Editor

    Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].

    Most Popular
    1
    Continental to build $40 million hose plant in Mexico
    2
    Michelin growth strategy looks at tires and beyond
    3
    Curtis Brison joins TireHub
    4
    Curtis Brison leaving Hankook, interim president named
    5
    USTMA, tire makers back retreading bill
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Rubber News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber News to get the best coverage and leading insights in the industry.

    SUBSCRIBE
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter

    MISSION

    To serve companies in the global rubber product industry by delivering news, industry insights, opinions and technical information.

    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Staff
    • Advertise
    • Order Reprints
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Partner Sites
    • Tire Business
    • European Rubber Journal
    • Plastics News
    • Plastics News China
    • Urethanes Technology
    • Automotive News
    • Crain Brands
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • News
      • Automotive
      • Tire
      • Non-Tire
      • Suppliers
      • ITEC
      • Silicone
      • Online Exclusive
      • Latex
      • Technical Notebooks
      • Executive Action
      • Government/Legal
      • Opinion
      • Rubber Division IEC
      • Blogs
        • Products
        • Wacky World of Rubber
      • Sustainability
    • War in Ukraine
    • Custom
      • Sponsored Content
      • White Papers
    • Resources
      • Directory
      • Classifieds & Mold Mart
    • Data
    • Events
      • RN Events
        • 2022 Hose & Belt Manufacturers Conference
        • 2022 International Silicone Conference
        • 2022 International Tire Exhibition & Conference (ITEC)
        • 2022 Women Breaking the Mold
      • RN Livestreams/Webinars
      • Industry Events
      • Past Events
      • Rubber News M&A Live
    • Advertise
    • DIGITAL EDITION