Gabriel Holding agrees to sell European FurnMaster unit to Leggett & Platt
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Gabriel agrees to sell its European FurnMaster business to Leggett & Platt
July 16, 2026 2:24 AM EDTIn August 2024, Gabriel Holding A/S announced that, as a result of an adjusted growth strategy with an increased focus on the development of the Groups global textile business, it would initiate a full or partial divestment of the Groups furniture manufacturing operations, the FurnMaster business.
FurnMaster has a leading position in the market and in Europe consists of two companies located in Poland and Lithuania respectively as well as a dedicated department in Gabriel A/S in Aalborg, Denmark.
The transaction agreement entails that a wholly owned subsidiary of Leggett & Platt, Incorporated acquires the shares... More
