Gabriel Holding agrees to sell European FurnMaster unit to Leggett & Platt for DKK 67.3 million
LEG•LEG•LEG•LEG•The enterprise value is set at DKK 67.3 million, with a potential deferred payment of up to DKK 7.5 million.
Mexican FurnMaster operations are excluded and remain up for sale.
The transaction remains subject to customary closing conditions.
Gabriel Holding agreed to sell its European FurnMaster furniture manufacturing business to Leggett & Platt.
The deal covers FurnMaster operations in Lithuania and Poland, with Leggett & Platt taking over related staff, assets and liabilities in Denmark.
