Arsenal Capital exits Elite Comfort Solutions in a $1.3bn deal to Leggett & Platt.

Arsenal Capital Partners announced that it has completed the previously announced sale of Elite Comfort Solutions, to Leggett & Platt for $1.25 bn. ECS is a leader in proprietary specialized foam technology primarily for the bedding and furniture industries. With 16 facilities across the U.S., ECS operates a vertically integrated model, producing specialty foam, developing many of the chemicals and additives used in foam production, and manufacturing private-label finished products. “We are pleased with the sale of ECS to Leggett & Platt, a company that is committed to supporting the bedding industry for the long term. Leggett & Platt is the ideal home for the ECS business and its employees. We see a significant opportunity for ECS to leverage Leggett & Platt’s reputation and infrastructure and drive continued growth in the bedding and furniture markets.” Tim Zappala, Arsenal Senior Partner.