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Gabriel sells its European FurnMaster furniture business to Leggett & Platt for about EUR 9 million

Company Fundamentals
16 Jul 2026
GlobeNewsWire
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Bullish
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Gabriel Holding A/S has agreed to sell its European FurnMaster furniture manufacturing operations, including subsidiaries in Poland and Lithuania, to Leggett & Platt for an initial price of approximately EUR 9 million, with a possible additional payment of up to EUR 1 million. This sale is part of Gabriel's strategy to focus more on its global textile business and improve its financial position. Leggett & Platt, a leading global furniture components supplier, is expected to support FurnMaster's continued growth. The Mexican FurnMaster business is excluded from this deal and remains for sale.

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