Spring manufacture acquisition announced
A
Lesjofors product story
Edited by the Engineeringtalk editorial team
Mar 15, 2007
Spring manufacturer Lesjofors has continued its acquisition trail with the purchase of UK business, European Springs and Pressing .
Spring manufacturer Lesjofors has continued its acquisition trail with the purchase of UK business, European Springs and Pressing .
European Springs and Pressing manufactures springs and flat strip components, primarily for the British market.
The company, which has 130 employees, has enjoyed high growth and good profitability for a number of years, boasting operations in both London and Cornwall.
The acquisition marks the second in six months for Lesjofors - having recently acquired Spring Maker Harris Springs - and cements the company's position as one of the UK's fastest growing spring manufacturers and supports its overall strategy to grow within Europe through an increased local presence.
In the UK, European Springs and Pressing's customer base will allow Lesjofors to increase its sales activities through offering its product range, especially gas springs.
In turn, European Springs and Pressing will have full access to Lesjofors companies in Latvia and China, to further strengthen its competitiveness.
European Springs and Pressing will continue to be managed by its current owners, as Lesjofors begins the process of enhancing co-operation between the company and its existing operations in the UK.
President of Lesjofors, Kjell-Arne Lindback, said: "European Springs is a very well-managed company, with a strong level of commitment among its staff and a corporate culture focused upon the customer and the company's own efficiency".
"The company's manner of working corresponds extremely well with the prevailing culture of the Lesjofors Group, and European Springs will fit into our group very well".
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