Gabriel Holding agrees to sell European FurnMaster unit to Leggett & Platt
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/23/2026
- Wall St falls as tech earnings spark AI spending worries and oil hits $100
- Intel jumps 10% after AI-fueled quarter crushes estimates, upbeat outlook
- Google increases capex forecast again after cloud-driven quarterly beat
- As Musk pivots beyond cars, Tesla’s autos engine is under strain
- RTX stock jumps as company lifts guidance after Q2 beat
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
