1900 – Second factory built in Louisville, KY
Eventually, people figured out what we already knew – Leggett & Platt bedsprings were just better than the alternative. With customers pounding on the doors of our Carthage plant to get more bedsprings, we opened a new factory in Louisville, KY. The factory was franchised by Harry Platt, C.B. Platt’s brother.
1901 – Leggett & Platt incorporates
With a dozen patents and their livelihoods at stake, J.P. Leggett and C.B. Platt decided to implement a formal business structure. They incorporated the company under the snappy moniker Leggett & Platt Spring Bed & Manufacturing Company.
1947 – Major factory opened in Ennis, TX
They say everything is bigger in Texas, and our new factory in Ennis was no exception. We not only brought our employee count up to 500, but expanded our product line to include furniture components. And because bigger is always better, we developed plans to further expand the facility not a year later.
1963 – Two product divisions developed
With a growing number of products to keep track of, Leggett & Platt created two product divisions: components and home furnishings. The 1963 Annual Report, a riveting page-turner, listed the product offerings of the new divisions.
1967 – Leggett & Platt went public
1967 was a historic year: the first Super Bowl took place, the 25th Amendment outlined Presidential succession, and The Beatles released Magical Mystery Tour. Another important event for 1967: Leggett & Platt became publicly traded.
1977 – Corporate headquarters construction began
In 1977, Leggett & Platt began construction on our new corporate headquarters located in sunny Carthage, MO. Centrally located in the United States, Carthage boasts an impressive 14,000 citizens and is known as “America’s Maple Leaf City.” Though it’s famous for the Battle of Carthage during the Civil War, it’s a relatively quiet place today.
1981 – Leggett & Platt went international
When you have a product patented in 23 countries (like our Mira-Coil®), it only makes sense to expand on a global scale. If you dust off your 1981 Leggett & Platt Annual Report, you’ll find an outline of how the new division would help us become recognized as The Components People®.
1985 – First joined Fortune 500 list of largest U.S. manufacturers
At the ripe old age of 102 (and looking not a day over 50), Leggett & Platt was included in Fortune magazine’s list of the 500 largest industrial companies in the United States at number 489. We would later move up the ranks and eventually be included on the overall Fortune 500 list.
1990 – $1 billion in sales
With numerous acquisitions, Leggett & Platt hit $1 billion in sales in 1990. If you stack one billion one-dollar bills on top of each other, you could reach the troposphere – one of the major layers of the earth’s atmosphere.
1999 – First joined the S&P 500 Index
In 1999, Leggett & Platt acquired 29 international companies in places like Australia, Brazil, and Italy. This meant our employees now had the enviable opportunity to travel for business to places like Australia, Brazil, and Italy. By the end of the year, our acquisitions helped us get added to the S&P (Standard & Poor’s) 500 Index.
2006 – David S. Haffner became CEO
With a renewed focus on innovation, product development, and growth, Haffner closely examined operations and revised Leggett & Platt’s strategic plan for the future. A greater percentage of the company’s cash flow was devoted to finding new, profitable growth opportunities.
2008 – Leggett & Platt turned 125
In 2008, Leggett & Platt turned 125 years old. At that time, the title of oldest living person went to Edna Parker, who was a spry 115 years old. Sorry, Edna, looks like we’ve got you beat.
2012 – Joined aerospace industry
With the acquisition of an aerospace tubing company, Leggett & Platt ventured into the final frontier. That’s right, our products can be found in orbit and on Mars, Venus, and the moon!
2016 – Karl Glassman became CEO
DISCLAIMER: All data and information provided on this site is for informational purposes only. The Life @ Leggett Blog makes no representations as to accuracy, completeness, currentness, suitability, or validity of any information on this site & will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis. The opinions expressed by contributors are theirs alone, and do not reflect the opinions of Leggett & Platt. Leggett & Platt is not responsible for the accuracy of any of the information supplied by the contributors.