Leggett & Platt (L&P) recently closed the sale of its Aerospace Products Group (APG), an entity outside of its wire production that makes highly engineered tube and duct assemblies for commercial and military aircraft, as part of the company’s ongoing restructuring that started in 2024.

A press release said that the sale of APG, which has seven manufacturing facilities in the U.S., U.K. and France, is expected to net $250 million. The company plans to use most of those funds to pay down debt and strengthen the company’s balance sheet.

The sale was the latest news in a story that traces back to late 2023 when demand for both traditional innerspring bedding and wire grid components faltered. In January 2024, the company announced a sweeping plan in its annual report that called for at least 10 wire-focused plants—integral to the production of springs and mattress foundations—to be either closed or merged. A total of 20 overall plants were targeted.

Per financial media and company reports, the net result is that all wire production is now in four U.S. locations. The latest L&P plant to be closed was the one in Plant City, Florida, where more than 80 employees were let go as operations wound down by the end of the midpoint of 2025. The L&P specialty springs plant in High Point, North Carolina, was closed in September 2024, affecting 158 workers.

Other closures include the Saltillo, Mississippi plant (130 jobs lost in 2024) and the Commerce, California facility (impacting 55 staff). In addition to those plants, four smaller spring and wire operations were consolidated into remaining regional hubs. The actions were deemed needed to improve efficiency, reduce costs and align production capacity with new realities of market demand.

L&P indicated that the final wave of restructuring will be completed by the end of 2025, with ongoing efforts to make its wire business leaner and better positioned for future growth.