Spring manufacturer Lesjöfors AB has expanded it global operations with the purchase of the US company Sandvik Materials Technology.
Sandvik Materials Technology, which operates plants in both the US and Mexico, is a leader in the specialty area of power springs. Arne Lindbäck, President and CEO of the Lesjöfors Group commented, “This acquisition has strengthened our presence in the US spring market and will provide us with the scope for further expansion in North and South America. It has also strengthened our offering in the area of flat coil springs, which will benefit our companies with operations in Europe and Asia. The acquisition will also open the door to attractive sales opportunities for Lesjöfors’s other spring products in the US market.”
Following the acquisition, Lesjöfors now has 21 manufacturing facilities in 10 countries.