Leggett & Platt Plans $5.1 Million Expansion At Its Carthage, Missouri, Manufacturing Facility
Area Development Online News Desk (08/14/2013)
Leggett & Platt plans a $5.1 million expansion at its Carthage, Missouri manufacturing facility. The company's expansion project will add 28,000 square feet to its Carthage Flex-O-Lators production plant, which manufactures automotive seating components.
Founded in 1883, Leggett & Platt originally manufactured steel coil bedsprings. Since then, the company has diversified and manufactures a broad portfolio of products found in homes, offices and vehicles. Headquartered in Carthage, the company has 130 facilities in 17 countries.
"We're very pleased to be expanding in Carthage," said David S. Haffner, Leggett & Platt Chief Executive Officer and Chairman of the Board of Directors. "This Flex-O-Lators facility is critical to Leggett & Platt's growth in the highly competitive global automotive industry. Leggett & Platt began in Missouri and we want to grow here. The state's dedicated workforce, central location, and low taxes make Missouri very attractive location for business growth."
"The ongoing success of Leggett & Platt, along with its increasing investment and job creation, is another step forward for Missouri's manufacturing and automotive industries," Gov. Jay Nixon said. "Over the past five years, we've kept Missouri a low tax state and made targeted investments in our workforce to grow our economy and help businesses succeed. With 130 years in the Show-Me State, Leggett & Platt is another made-in-Missouri success story."
"We're very grateful for the support that Leggett & Platt has received from Gov. Nixon, the Missouri Department of Economic Development, and officials in the City of Carthage and Jasper County," said Mark Elliff, President and Economic Development Director of the Carthage Chamber of Commerce. "Leggett & Platt has been a strong corporate partner with Carthage for 130 years. Their specialty divisions, like Flex-O-Lators, continue to produce and develop innovative products in their areas of expertise. Their leadership in innovation and commitment to Missouri are only a few reasons why Leggett & Platt is a great and growing company."
As an incentive to assist Leggett & Platt with its expansion, the Department of Economic Development authorized a strategic economic incentive package that that the company can receive if it meets strict job creation and investment criteria.