Lesjöfors has acquired the assets and operations of Plymouth Spring Company Inc, a US-based manufacturer of industrial springs. The acquisition is another step in Lesjöfors’s ambition to consolidate the industrial springs market and marks an expansion in the US market – where it sees potential for further growth, both organic and through M&A.
Plymouth is a manufacturer of custom precision metal springs, stampings and wire form parts, located in Bristol, Connecticut, USA. The company has a well established market position, a diversified customer base and long-lasting customer relationships. The customer base consists of more than 600 customers across multiple sectors such as electrical, hardware, industrial, defence and automotive.
Ola Tengroth, president at Lesjöfors, comments: “Lesjöfors has followed Plymouth’s development over time, and we are impressed by the company’s progress. Through this acquisition, Lesjöfors is establishing a US presence within industrial springs, and the company will serve as a platform for future organic and acquisitive growth in the region. I am looking forward to working together with the company’s management team to build on this platform and to continue to develop and grow the company.”
Plymouth’s CEO, David Devoe, adds: “I am excited to join Lesjöfors. Having access to Lesjöfors’ global network and broad range of capabilities will support us in developing our customer base and pursuing new business opportunities.”
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.
Will manages the content strategy across all platforms and is the guardian for the high editorial standards that the Magazine is renowned.
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