Bedding component manufacturing giant Leggett & Platt will lay off 172 employees at its facility in Linwood, N.C. in an effort to consolidate operations.

ECS, a portfolio company of Arsenal Capital Partners, makes proprietary specialized foam technology primarily for the bedding and furniture industries.

Leggett & Platt today announced that David S. Haffner, the company's Chief Executive Officer and Board Chair, will retire from the company and the Board on December 31, 2015. Karl G. Glassman, the company's President and Chief Operating Officer, will assume the role of CEO on January 1, 2016.

Diversified furniture manufacturer Leggett & Platt reported sales from continuing operations were $997 million, a second quarter record and an increase versus Q2 2014 (during which sales increased 9%).

Leggett & Platt's CEO David Haffner cited a shift in bedding to the company's Comfort Core springs as key to a First Quarter 2015 sales increase of 10% for the diversified manufacturer. Residential Furnishings sales increased !8%.

Leggett & Platt's CEO David Haffner cited a shift in bedding to the company's Comfort Core springs as key to a First Quarter 2015 sales increase of 10% for the diversified manufacturer. Residential Furnishings sales increased !8%. The company also raised the low end of its profit outlook for the rest of this year.

Diversified manufacturer Leggett & Platt announced that David S. Haffner will speak to the investment community at the Raymond James 36th Annual Institutional Investors Conference in Orlando, FL.

Diversified manufacturer Leggett & Platt (LEG) announced record full-year adjusted EPS from continuing operations of $1.78 for 2014, a 19% improvement over 2013 adjusted EPS of $1.50.

Diversified manufacturer Leggett & Platt today announced the sale of the majority of its Store Fixtures operations to Lozier Corporation for total consideration of approximately $62 million.

Leggett & Platt will sell the majority of its store fixtures operations to Lozier Corp. for approximately $62 million. The sale, effective Nov. 1, includes facilities in Middlebury, IN, Fort Worth, TX, and Union, MO,and represents approximately three-quarters of the business unit's revenues, the company said.