Leggett & Platt in deal to buy aero supplier

Dec 21, 2011 | 04:02 PM | Michael Cowden

Tags  Leggett & Platt, Western Pneumatic Tube, David Haffner, aerospace, welded tubing, fabrication, specialty products, titanium nickel-based alloys

TORONTO — Leggett & Platt Inc. has entered a deal to purchase aerospace components supplier Western Pneumatic Tube Holding LLC.

The transaction is structured as a cash purchase with an enterprise value of $188 million and is expected to close by Jan. 31, subject to customary closing conditions and regulatory approval, the Carthage, Mo.-based diversified manufacturer said.....

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