LEGGETT & PLATT

A brief Introduction to Leggett And Platt

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 future 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. The company has operated continuously since then and began its fifth decade of public ownership in 2017.
The modern growth era for the company began in the 1960s when an executive management team assumed leadership. Being substantially invested in Leggett & Platt stock, then and now, management developed a plan to enhance the potential for long-term growth. The strategy is a proven success, resulting in leading manufacturing, marketing, and distribution capabilities. Today, Leggett is serving more customers, with more products, and more growth opportunities than ever before Leggett & Platt, which pioneered sleep technology when it introduced its bedspring more than 135 years ago, is an S&P 500 diversified manufacturer. Serving a broad suite of customers that comprise a "Who's Who" of U.S. companies, Leggett & Platt conceives, designs, and produces a diverse array of products that can be found in most homes, offices, and vehicles. Founded in 1883, the company is made up of 15 business units, 23,000 employee-partners, and 145 facilities in 18 countries. Leggett & Platt continues to infuse its products with its trademark innovation, helping customers enjoy more comfortable lives. 

 

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