Founded in 1883, Leggett & Platt (LEG) patented the first steel coil bedspring. The company has since become a diversified manufacturer of engineered components (innersprings, recliner mechanisms, adjustable beds, steel wire, seat frames, carpet cushion, armrests, etc.) used in bedding, furniture, carpet, automobiles, aircraft, and other products around the world.
Also it’s raised it’s dividend for 47 years in a row.
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