Sandvik Materials Technology reaches an agreement to divest its power spring business in US and Mexico
Sandvik Materials Technology is divesting its power spring business in Scranton, US and Nogales, Mexico to Lesjöfors AB, a subsidiary of Beijer Alma. The divested operation is a leading manufacturer of power spring solutions for a wide range of customer applications in consumer, industrial, construction and medical environments. Invoiced sales for the business concerned amounted to about 15 million USD in 2013 and the total number of employees encompassed is approximately 60, of which 40 in the US and 20 subcontracted employees in Mexico. Currently, they form part of the Strip, Wire