Form 8-K · Current Report · Filed 2026-08-26
Somnigroup Completes Acquisition of Leggett & Platt
Somnigroup International Inc. has completed its acquisition of Leggett & Platt, a diversified manufacturer of engineered components and products, in an all-stock transaction valued at approximately $2.3 billion. The acquisition strengthens Somnigroup's global platform, deepens vertical integration, and expands component engineering expertise. Somnigroup expects to reduce its net financial leverage and achieve $75 million in annual run-rate synergies. Tyson Hagale has been appointed as President of Leggett & Platt. The transaction was an all-stock deal, with Leggett & Platt shareholders receiving 0.1455 shares of Somnigroup common stock for each share of Leggett & Platt common stock they owned.
- Filer
- Somnigroup International Inc. SGI · NYSE
- Filed
- Accession
- 0001206264-26-000121
- CIK
- 0001206264
- Signal
- High impactConsumer Cyclical
- Source
- Official filing on sec.gov ↗
Items reported
Reported Item
Market reaction
Close before filing
$64.09
Next session
-2.5%
Since filing
+5.8%
Latest close
$67.82
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from SGI reporting the same item, with the next session's move:
Insider tape
Within 45 days of this filing, SGI insiders reported 25 Form 4 transactions — net buying of $1.9M.
About Somnigroup International Inc.
Somnigroup International Inc. is a global bedding company that designs, manufactures, markets, and distributes sleep products for consumers and businesses worldwide. Headquartered in Dallas, Texas, it focuses on providing mattresses, bedding accessories, and integrated sleep solutions spanning a range of comfort and performance needs. The company operates through well-known brands such as Tempur-Pedic, Sealy, Stearns & Foster, and Sleepy’s, and leverages a broad omnichannel presence that includes wholesale, retail, and direct-to-consumer channels. Somnigroup International Inc. serves customers in more than 100 countries through fully owned businesses and extensive retail networks, including large specialty mattress retailers and branded stores. Its role in the financial market is tied to the global sleep and home furnishings industry, where it acts as a scale player with vertically integrated design, manufacturing, and distribution capabilities. By supplying products to a wide range of retail partners as well as selling directly to consumers, Somnigroup International Inc. functions as a key provider of branded sleep products in both developed and emerging markets.
Never miss another SGI filing
Profitelligence watches EDGAR around the clock and alerts you within seconds.