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Announced

Completed

Leggett & Platt completed the acquisition of Avica Aerospace Ducting from Meggitt.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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United Kingdom

Single Bidder

Acquisition

Cross Border

Friendly

Completed

aerospace components

Private

Aerospace

Majority

Synopsis

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Leggett & Platt, a diversified manufacturer that produces a broad variety of engineered components, completed the acquisition of Avica Aerospace Ducting, a provider of high pressure ducting products, from Meggitt, a British international company specialising in components and sub-systems for the aerospace and defence. Financial terms were not disclosed. Leggett & Platt, Incorporated’s aerospace offering will be significantly enhanced with the addition of Avica Aerospace Ducting, boosting its existing aerospace tube product line. A key factor in Leggett & Platt’s acquisition of Avica Aerospace Ducting was its attractive fundamentals, which included strong in-house design capabilities, a niche product line and its end markets.

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