Crowne Group, LLC acquired Parthenon Metal Works, Inc. from Leggett & Platt, Incorporated.
January 16, 2016
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Crowne Group, LLC acquired Parthenon Metal Works, Inc. from Leggett & Platt, Incorporated (NYSE:LEG) in December 2015. Quarton International AG acted as financial advisor to Leggett & Platt in the transaction. Jones Day acted as legal advisor for Crowne Group, LLC. Denise A. Carkhuff of Jones Day acted as legal advisor for Crowne Group, LLC.
Crowne Group, LLC completed the acquisition of Parthenon Metal Works, Inc. from Leggett & Platt, Incorporated (NYSE:LEG) in December 2015.
Leggett & Platt, Incorporated is a manufacturer that conceives, designs, and produces a range of engineered components and products found in many homes and automobiles. The Companyâs segments include Bedding Products, Specialized Products and Furniture, Flooring & Textile Products. Bedding Products segment supplies a variety of components and machinery used by bedding manufacturers in the production and assembly of their finished products, as well as produces private label finished mattresses for bedding brands. Specialized Products segment supplies lumbar support systems, seat suspension systems, motors and actuators, and control cables used by automotive manufacturers. It also produces and distribute tubing and tube assemblies for the aerospace industry and engineered hydraulic cylinders used in the material-handling and construction industries. Furniture, Flooring & Textile Products segment supplies a range of components for residential and work furniture manufacturers.