Lesjöfors AB, subsidiary of Beijer Alma AB, acquires the German spring manufacturer Stumpp+Schüle GmbH
Lesjöfors has signed an agreement to acquire the German spring manufacturer Stumpp+Schüle GmbH from Paragon Partners. Transfer of control will take place as soon as possible, but not later than June 1, 2012. Stump+Schüle, which manufacture springs and flat strip components, is based in Beuren near Stuttgart and also conducts manufacturing in Slovakia through a wholly owned subsidiary. Lesjöfors is one of Europe’s largest spring manufacturers and has the markets broadest product offering. In 2011, the company generated sales of SEK 1.4 billion and the company has 1,000 employees.