Carthage, Missouri – US Bed maker, Leggit & Platt plans to buy foamer Elite Comfort Solutions from Arsenal Capital Partners for $1.25 bn in cash.
If regulators approve, the deal will close in January 2019.
It has a network of 16 facilities across the US where it makes specialty foams and products.
The company's annual sales in the year to September 2018 were $611 m.
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.