IIR Industry Alert: Leggett & Platt enters the Steel Making Business with Acquisition of Former Northwestern Steel & Wire Mill

The 700 acre property and plant building and equipment were liquidated with Leggett & Platt picking up about 145 acres including the meltshop, caster, and rod mill for the low auction price of $4.4 million.

Houston-July 31, 2002-Researched by Industrialinfo.com (Industrial Information Resources, Incorporated; Houston, Texas). Leggett & Platt Incorporated (NYSE:LEG) (Carthage, Missouri) has made its first venture into the steel making business with the acquisition of a portion of the former Northwestern Steel & Wire property located in Sterling, Illinois. Northwestern Steel filed for bankruptcy protection in December of 2000 and had to close down the 2.4 million ton per year steel mill last year.

For details on this development view the entire article at www.industrialinfo.com.

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