European Springs & Pressings parent company, Lesjöfors AB, are delighted to announce the acquisition of shares in Northampton based company, Metrol Springs Ltd, one of the UK’s leading manufacturers of a whole manner of gas springs. Metrol Springs specialises in the manufacture of tooling gas springs, special purpose gas springs and gas struts.
Metrol has grown a reputation as one of the leading gas spring manufacturers in the UK, as they provide a wide range of standardised products including conventional gas struts. Over the years, the company has enhanced its product offering with the addition of linear actuators and a constantly expanding range of industrial hardware.
Lesjöfors identified Metrol Springs as a company of interest due to their diversified customer base in the UK, Europe, the US, and Asia, as they serve industrial and automotive customers. In total, Metrol currently exports to more than 20 countries around the world.
Speaking of the acquisition, retiring Lesjöfors President, Kjell-Arne Lindbäck, said: “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 decentralized, 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, and directors Paul Hynes and Chris Pegram, said: “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 state: “We appreciate the decentralized structure of Lesjöfors and are looking forward to staying on and continuing to develop the company further.” Robert Lamb is also enthused by the prospect of his continued involvement in Metrol as part of the expanding Lesjöfors team.