Lesjöfors, part of the Beijer Alma group, has signed an agreement to acquire the assets and operations of John Evans’ Sons Inc, a leading US spring manufacturer. With the acquisition, Lesjöfors strengthens its US presence and significantly increases its sales to the medical industry, in line with its ambition to build the leading spring, wire and flat strip component group.
John Evans’ Sons is the oldest spring maker in the USA, founded in 1850, and has a leading position on the US market. The company has a diversified customer base with long customer relationships, attributable to its expertise and ability to support customers early on in their product development projects. Revenue mainly stems from customers within the medical industry but also from customers within the industrial, construction, aerospace and transportation industries. The production facility is located in Lansdale, Pennsylvania, and the company has 72 employees.
Similar to Lesjöfors, John Evans’ Sons has close customer relationships, high technical expertise and strong emphasis on tailored solutions. Through the acquisition, Lesjöfors strengthens its position within the medical segment and builds further scale in the USA. The acquisition also enables other opportunities for profitable growth, such as purchasing coordination, cross-selling, resource/knowledge sharing with Lesjöfors’ other US companies.
Henrik Perbeck, CEO at Beijer Alma’s, commented: “I am excited about this acquisition, which following the acquisition of Plymouth in December 2021, underlines Lesjöfors’ potential and ambition to increase scale in the USA and build the leading spring, wire and flat strip component group. I am convinced that John Evans’ Sons will thrive under Lesjöfors’ decentralised governance model and a great fit with Beijer Alma’s model for value-adding acquisitions.”
Ola Tengroth, president at Lesjöfors’, added: “Through this acquisition, we increase our market share in the USA significantly by more than doubling revenue in the region. John Evans’ Sons has a long, successful, history and we are excited about what we can achieve together. In addition to a well-matched corporate culture, John Evans’ Sons will strengthen Lesjöfors in the US and enables multiple value creating avenues for Lesjöfors at the same time as John Evan’s Sons can benefit from Lesjöfors’ expertise and footprint. Thus, we are convinced that the companies will strengthen each other going forward.”
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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