The Lesjöfors Group acquires UK spring manufacturer
The Lesjöfors Group has purchased Clifford Springs Ltd, a spring manufacturer based in Redditch, in the UK.
Expanding Lesjӧfors Group’s parent owned sites to six within England, this latest acquisition grows the Lesjӧfors worldwide network of manufacturing and sales sites to over 50. It also broadens Lesjӧfors Group’s extensive global product offering with Clifford Spring’s seal energising technologies.
Clifford Springs, with an annual revenue of approximately £3 million, supported by 17 employees, manufactures and supplies an extensive range of springs including canted, PEEK, helical, meander, continuous top rail and anti-extrusion springs for markets globally.
Lesjöfors’ CEO, Ola Tengroth, says: “Clifford Springs is an established brand with extensive technical capabilities and a broad customer base. This acquisition expands our Group’s product offering, increases our footprint in the attractive niche segment of seals and valves and strengthens our presence across the globe.
We look forward to continuing to develop Clifford Springs, as part of the Lesjöfors Group, and see great potential in accelerating their growth through our sales channels.”
Clifford Springs’ CEO, John Clifford, who will continue in his operational role after the acquisition, concludes: “We are delighted to welcome the Lesjöfors Group as the new owner of Clifford Springs. We are proud of everything we have achieved to date and look forward to progressing our success even further, as part of the Lesjӧfors Group’s expansive network of leading spring manufacturers.”
Tamsin Loveless | PR Manager
tamsin.loveless@lesjoforsab.com | +7855 798536
The Lesjöfors Group is a world-leader in spring and pressing manufacture. Established in 1675 with spring manufacture commencing in 1852, the Group has over 50 global sites, manufacturing and supplying world-wide industries with the largest product portfolio and technical excellence across springs, gas springs, metal belts and pressings.
The Lesjöfors Group has a turnover of EUR 500 million with 2700+ employees and operates within two business sectors, across industrial springs and pressings and the automotive aftermarket.
The Lesjöfors Group is owned by Beijer Alma AB, an industrial group listed on the NASDAQ OMX Stockholm mid-cap list. Beijer Alma AB has a market cap of EUR 1 billion.
