Lesjöfors acquires UK's Metrol Springs

Lesjöfors AB has announced it is to acquire Metrol Springs Ltd, a major manufacturer of tooling and special purpose gas springs as well as gas struts in its native UK and other global markets.

Metrol is a producer of tooling gas springs and special purpose gas springs with a wide range of standardised products including conventional gas struts. The company has enhanced their product offering with the addition of linear actuators and a constantly expanding range of industrial hardware. 

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 £7-million (€8.22-million) with good profitability, of which approximately 40% 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, commented 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 decentralised, 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, as well as directors Paul Hynes and Chris Pegram made the joint comment: “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 said: “We appreciate the decentralised structure of Lesjöfors and are looking forward to staying on and continuing to develop the company further.”

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