Leggett & Platt Inc. has acquired U.K.-based tube
fabricator David Hart Aerospace Pipes Ltd., a company
spokeswoman told AMM.
The spokeswoman said
the transaction, completed in late May, was valued at less than
$10 million, declining to give an exact price.
Leggett & Platt purchased Western Pneumatic Tube Holding
LLC in January 2012, expanding into the aerospace end market
with the production of alloy, stainless and titanium tubing.
The recent purchase of David Hartwhich provides
value-added services for aluminum alloy, stainless steel,
titanium and other tubing supplied to the aerospace
industryrepresents a "further strategic commitment to the
aerospace industry," the spokeswoman said.
"Western Tube started
to take us into a meaningfully different direction in terms of
end markets ... (Sales) were sub-$60 million (when we bought
it), last year it was $65 million, this year itll be
north of that, approaching $70 million," she added. "This
particular platform is one that we are very excited about."