Met Merchandising Concepts is sold to Leggett & Platt



NEW YORK, June 30, 1999 - Met Merchandising Concepts, a Sentinel Capital Partners portfolio company, today announced that it has been acquired by Leggett & Platt, Incorporated, (NYSE:LEG). Sentinel and management decided to sell Met after only eighteen months because substantially all of the investments original objectives had been achieved.

Leggett is a leading manufacturer of component and finished products for the furniture industry. In 1998, Leggett generated sales and net income of $3.4 billion and $248 million, respectively. Leggett is actively pursuing acquisitions in the fixture and display industry. Met represents an attractive strategic fit for Leggett and gains Leggett access to upscale customers such as Saks Fifth Avenue, Macy's, Ralph Lauren, Tommy Hillfiger, Levis, Timberland and Liz Claiborne.