Lesjöfors AB has announced its acquisition of the shares in Metrol Springs Ltd – a manufacturer of tooling gas springs, special purpose gas springs, and gas struts, within the UK and other global markets.
A large proportion of Metrol’s sales are via its catalogue in conjunction with its current websites. The company has a diversified customer base in the UK, Europe, the USA, and Asia, serving industrial and automotive customers.
Metrol’s revenues amount to GB£7 million (€8.1 million) with good profitability, of which approximately 40% are exports to more than 20 countries. The company is based in Northampton and Lesjöfors has acquired the real estate on which the manufacturing plant is located through shares in Nitro Springs Manufacturing Ltd.
Retiring Lesjöfors president, Kjell-Arne Lindbäck, commented on the transaction: “With its main business areas being gas springs and gas struts, Metrol will broaden the Lesjöfors Group’s offering for both existing and new customers. The decentralised, technical and sales orientated business culture within Metrol mirrors the philosophy we have at Lesjöfors, which will make it easy to work closely in our joint development of this business.”
Recently appointed Lesjöfors president, Ola Tengroth, also commented on the transaction: “I look forward to supporting the development of Metrol going forward along with its strong management team, which is now fully integrated within Lesjöfors.”
Will joined Fastener + Fixing Magazine in 2007 and over the last 15 years has experienced every facet of the fastener sector - interviewing key figures within the industry and visiting leading companies and exhibitions around the globe.
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