Update: Somnigroup To Acquire Leggett & Platt in $2.5 Billion Deal

Editor’s note: Since the original story published on Dec. 2, 2025, Somnigroup International has agreed to acquire Leggett & Platt in a $2.5 billion deal expected to close by the end of 2026.

“We are proud to have Leggett & Platt join Somnigroup. Leggett & Platt's strong engineering capabilities, diversified end users and cash-generating financial profile meaningfully enhance our global platform,” says Somnigroup chairman and CEO Scott Thompson. “This combination is consistent with our vertical integration strategy, which drives innovation and value for customers while also enhancing shareholder value. By bringing a successful supply partner into our group, we accelerate our ability to deliver differentiated, consumer-centric innovation.”

Mattress manufacturer Somnigroup International, whose portfolio includes Tempur-Pedic and Sealy, has submitted a proposal to acquire all the outstanding shares of bedding and furniture components company Leggett & Platt in an all-stock merger.

“We believe that a combination of Leggett & Platt with Somnigroup would be uniquely compelling for both companies and all of our collective stakeholders,” the company wrote in its proposal letter. “Joining Leggett & Platt with a leading bedding manufacturer and bedding retailer would unquestionably foster significant strategic advantages and efficiencies for the combined company.”

Under the proposal, Leggett & Platt would continue operating independently under Somnigroup. Additionally, Somnigroup expects to retain most of Leggett & Platt’s employees and management team.

Leggett & Platt has confirmed receipt of the unsolicited proposal. Somnigroup has requested a response by Dec. 22.