Leggett & Platt plans closure of N.C. facility

CARTHAGE, Mo. — Diversified supplier Leggett & Platt will close its facility in High Point.

The Carthage, Mo.-based maker of furniture and bedding components issued a WARN notice on May 20. The notice, which was received by the state of North Carolina on June 10, indicates that Leggett will close the facility at 1629 Blandwood Drive, which will result in the elimination of 158 positions.

According to the WARN notice, the closure is part of Leggett’s efforts to consolidate operations, and the company expects the first employee release to take place on or around July 25, with remaining staff let go by the end of September. Of the 158 positions, 134 are in production and production support, while nine are clerical and administrative, and 15 are in management spots.

In January, Furniture Today reported that Leggett & Platt planned to shave up to 15 facilities from its bedding operations production and distribution footprint as it looked to restructure its products strategy. At that time, the company did not specify which factory locations or how many employees would be impacted.

Also at that time, Leggett said it expects the restructuring to reduce annual sales by about $100 million and to generate between $40 million and $50 million earnings before interest and taxes on an annualized basis. The company said it also expects to receive between $60 million and $80 million in cash proceeds from the sale of facilities, with transactions largely complete by the end of 2025.

Furniture Today has reached out to Leggett & Platt for additional details.

See also:

  • Glassman returns to Leggett & Platt as CEO, president; Dolloff resigns
  • Leggett & Platt Q1 income plummets as sales drop

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