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Somnigroup International agreed to acquire Leggett & Platt in an all-stock transaction valued at about $2.5 billion, with Leggett & Platt shareholders receiving 0.1455 Somnigroup shares per share. The deal is expected to close by year-end 2026, subject to approvals.
Phil Liao is stepping down as Chief Executive Officer of Pacoma after 13 years and will continue as Senior Executive Consultant. Douglas Rohn continues as President of Pacoma.
Leggett & Platt has acquired Pacoma Hydraulic Technologies, combining it with Precision Hydraulic Cylinders into Leggett & Platt Hydraulics. Pacoma will operate as a sister company with its own management and brand.
