LESJOFORS BUYS GERMAN SPRING MANUFACTURER

by

Lesjofors has bought German spring manufacturer S&P Federnwerk for an undisclosed sum.

Lesjofors, which achieved sales of 175 million Euros in 2012, signed the agreement to purchase to Herdorf based spring manufacturer, which achieved sales of 16.1 million Euros last year.

Lesjofors says of particular interest is S&P’s strong position in the agricultural sector, which is says will complement its other operations in terms of products.

CEO of Lesjofors Kiell-Arne Lindback said: “This acquisition strengthens Lesjöfors position further in Germany and Central Europe. The acquisition adds global niche products that complement Lesjöfors other products. Within their main product segment S & P has a significant share of the world market.”

Joint owners of S&P Christian Piesch added: “The network of expertise in the spring area and the availability of complementary products that we will get access to within the Lesjöfors Group will further strengthen the S & P’s offer to their customers. The sale of the company to the Lesjöfors Group who has springs and pressings as their core competence is a great opportunity for S & P Federnwerk.”

TMD Friction picks up Supplier Award

Brake part manufacturer recognised by TEMOIT trading group

Read More

CAT ends print

Don’t miss our newsletters. Subscribe now.

Read More

GSF Car Parts completes network rebrand

Following rebrand, CEO wants to ‘draw a curtain on this period of transition’

Read More

AAG buy out Linings & Hoses

Three-branch CV business is the latest firm to become part of business group

Read More

Melett: Nickel price is increasing turbocharger costs

Ukraine war is driving up prices, sys turbo company

Read More

Go to comments

Your email address will not be published. Required fields are marked *