Somnigroup to Acquire Leggett & Platt

Dallas, TX and Carthage, MO, April 13, 2026-Somnigroup International will acquire Leggett & Platt in an all-stock transaction valued at approximately $2.5 billion.

Leggett & Platt manufacturers carpet and area rug pad and acoustical underlayment in addition to a portfolio of non-flooring products. 

The transaction is currently anticipated to close by year-end 2026.

Following the close of the transaction, Leggett & Platt is expected to operate as a separate business unit within Somnigroup and to maintain its offices in Carthage, Missouri. Leggett & Platt's chairman and CEO, Karl Glassman will continue to lead Leggett & Platt following the closing date and will assist with a seamless transition to a new CEO of the Leggett & Platt business unit within twelve months of the closing date.

Somnigroup is the world’s largest bedding company, owning the brands Tempur-Pedic, Sealy and Stearns & Foster.