Gabriel Holding agrees to sell European FurnMaster unit to Leggett & Platt for DKK 67.3 million

Reuters2026/07/16 06:23

By:Reuters

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Gabriel Holding agreed to sell its European FurnMaster furniture manufacturing business to Leggett & Platt.
Deal covers FurnMaster operations in Lithuania and Poland, with Leggett & Platt taking over related staff, assets, liabilities in Denmark.
Enterprise value set at DKK 67.3 million, with a potential deferred payment of up to DKK 7.5 million.
Mexican FurnMaster operations are excluded, remaining up for sale.
Transaction remains subject to customary closing conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gabriel Holding A/S published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607160223OMX_____CNEWS_EN_GNW1001213008_en) on July 16, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Gabriel Holding agrees to sell European FurnMaster unit to Leggett & Platt for DKK 67.3 million

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