The company has a diversified customer base in the UK, Europe, the US, and Asia, serving industrial and automotive customers.
Lesjöfors AB has announced 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.
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.
Metrol’s revenues amount to MGBP 7 with good profitability, of which approximately 40 percent are exports to more than 20 countries.
Based in Northampton, Lesjöfors has acquired the real estate on which Metrol’s 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.
To find out more about Lesjöfors, click here.