CARTHAGE, Mo. — Leggett & Platt announced Friday that it successfully completed the sale of its Aerospace Products Group to affiliated funds managed by Tinicum Incorporated. The transaction is expected to result in after-tax proceeds of approximately $250 million.

It is the latest in a series of restructuring moves by the company, which said in a statement that proceeds from the latest sale will be used primarily to pay down debt and strengthen the company's balance sheet and leverage ratio. ×

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