Lesjöfors AB is delighted to announce its acquisition of the shares in Metrol Springs Ltd, a leading manufacturer of tooling gas springs, special purpose gas springs, and gas struts, within the UK and other global markets.
Metrol is a producer of tooling gas springs and special purpose gas springs with a wide range of standardized products including also conventional gas struts. The company has enhanced their product offering with the addition of linear actuators and a constantly expanding range of industrial hardware.
A large proportion of the sales are via their catalogue in conjunction with their current websites.The company has a diversified customer base in the UK, Europe, the US, and Asia, serving industrial and automotive customers.
Metrol’s revenues amount to MGBP 7 with good profitability, of which approximately 40 percent 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, comments 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 decentralized, 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.”
Metrol’s principal owners, Andrew Marks and Robert Lamb, and directors Paul Hynes and Chris Pegram, comments on the transaction: “We are incredibly happy for the company to become a part of a group that has a global market presence with extensive knowledge of our business concept and ethos.”
In addition, Paul Hynes and Chris Pegram states: “We appreciate the decentralized structure of Lesjöfors and are looking forward to staying on and continuing to develop the company further.” Robert Lamb is also enthused by the prospect of his continued involvement in Metrol as part of the expanding Lesjöfors team.
For further information:
Kjell-Arne Lindbäck, President Lesjöfors AB
Phone: +46 (0) 705 74 99 94
Lesjöfors is one of the leading spring suppliers with internationally well known customers. The products are demanded in many markets, in diverse industries. The assortment of springs, stampings and pressings has a unique range, where one of the largest selections of standard springs are combined with high-tech, customized solutions. Lesjöfors has both manufacturing and sales offices in several European countries, Asia, United States and Mexico.