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04 Annual Report >> Segment Review : Residential | Commercial | Aluminum | Industrial | Specialized | Glossary | |
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 Leggett & Platt manufactures thousands of different
items. These products are organized in five segments
and further divided into 10 groups and 29 business
units. Here we share more information about our five
segments and how they have performed. |
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| Residential Furnishings | ||
 Leggett’s beginnings stem from our 1885 patent of the steel coil bedspring. Today, we are the leading worldwide supplier of a wide range of components used by bedding and upholstered furniture manufacturers in the assembly of their finished products. We also design sleep-related furniture and select lines of consumer products that we sell primarily to retailers and distributors. Competitive Advantages We are the low-cost producer in many of our markets, due to internal production of key raw materials, high volume manufacturing, superior technology, and a culture of continuous improvement. Ongoing research and development and design expertise make us leaders in product innovation. In some cases, we also develop and build the machines used to make these new products. Finally, a global presence allows us to participate in worldwide economic growth and to continue supplying customers as they move production to lower-cost regions of the world. These advantages, along with unequalled customer service, have resulted in long-term relationships with many customers. Key Strategies Our ability to develop new, proprietary products provides an ongoing opportunity to increase business with customers, including those who continue to make some of their own components. Many of our capabilities, including product innovation, are being successfully employed as we move into new regions of the world. Internationally, we locate our operations where demand for components is growing. We continue to look for acquisitions that expand our customer base, add new product lines or capabilities, or help establish a presence in new geographic regions. Major Product Groups • Bedding components • Furniture components • Adjustable beds • Ornamental beds • Fabrics • Carpet cushion |
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