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C.W. Downer & Co. Advises Leggett & Platt on Divestiture of Store Fixtures Group

Company Sells the Majority of its Store Fixtures Operations; Strategic Alternatives Assessment Continues for Remaining Store Fixtures Businesses

BOSTON, November 10, 2014 – C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce that Leggett & Platt (NYSE: LEG) has sold the majority of its Store Fixtures Group to Lozier Corporation. The deal closed on October 31, 2014 and the purchase price is approximately $62 million.

Based in Carthage, Missouri, Leggett & Platt is a leading U.S. manufacturer of residential furnishings and components, industrial materials and specialized automotive products. Leggett & Platt’s Store Fixtures Group produces a broad range of customized retail fixtures, display cases, wall units, checkout units and point-of-purchase (POP) units for leading retail chains and consumer brands.

“We are very pleased to have completed this transaction on behalf of Leggett & Platt,” said Paul Colone, Managing Director & Partner with C.W. Downer & Co. “Once L&P announced that it was seeking strategic alternatives for the Store Fixtures Group it was very important to conduct an efficient process and this transaction was completed in just over 3 months from commencement. Lozier expressed strategic interest in the Store Fixtures Group from the outset and expects to leverage SFG’s manufacturing capabilities, service offerings and talented employees to provide an enhanced range of solutions to its retail customers.”

Lozier, based in Omaha, Nebraska, has been manufacturing and supplying store fixtures to retail chains since 1956. Through its manufacturing and distribution facilities located in Pennsylvania, Alabama and Missouri, Lozier services retail customers in a variety of industries including grocery, automotive, hardware, pharmacy and sporting goods.

“This is yet another example of our team’s capability to complete transactions in the store fixtures industry,” said Ashley Rountree, Managing Director & Partner with C.W. Downer. “Together with the sale of Fleetwood Fixtures earlier in 2014, this transaction highlights the ability of C.W. Downer to work on and successfully close deals that are both recognizable and strategically important in this sector.”

The C.W. Downer & Co. transaction team for the Leggett & Platt divestiture was led by Mr. Colone and Breck Bailey (Vice President). They were assisted by Mr. Rountree, Greg Fanikos (Director), Ivana Mastilovic (Analyst) and David Peslak (Analyst).

About C.W. Downer & Co.

C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with 40 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With nine fully integrated offices on four continents, we consistently identify the most appropriate strategic buyer and uncover “hidden” acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique. For more information, visit http://www.cwdowner.com.

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