A tie-down assembly for a pick-up truck bed that includes a cleat including a base having first and second feet defining first and second fastener receiving holes, a body portion extending from an outer side of the feet, and first and second arms extending from the body portion that are spaced from the feet and define tie-down holes. Fasteners inserted into the first and second fastener holes secure the cleat to the pick-up truck bed. A method of making a tie-down cleat for a pick-up truck bed by extruding an elongated bar having a pair of feet portions connected by a body portion to a pair of arm portions. The elongated bar is cut into a plurality of planar cleat blanks and the cleat blanks are drilled to form fastener holes in the feet portions and tie-down holes in the arm portions.