Leggett & Platt first took to the skies in 2012 when we entered the aerospace business, and we’ve been gaining altitude ever since. With sales reaching $150 million this year, L&P Aerospace continues to aim high –achieving lofty goals for revenue growth and extending our capabilities.
In February, L&P Aerospace made another giant leap forward with the acquisition of Pegasus Manufacturing, a Connecticut-based producer of fabricated tube and duct assemblies.
“Pegasus really fits multiple strategic needs,” explained Shannon Ukena, Director of Corporate Development. “This business takes us a step deeper into the supply value chain, gives us a new geographic foothold in a major aerospace hub in the Northeast, and opens us up to some complementary markets for our products.” Continue reading