Lesjöfors has acquired the assets and operations of Plymouth Spring Company, Inc., a US-based manufacturer of industrial springs. The acquisition is another step in Lesjöfors’s ambition to consolidate the industrial springs market and marks an expansion in the US market where it sees potential for further growth, both organic and through M&A.

Plymouth is a manufacturer of custom precision metal springs, stampings and wire form parts, located in Bristol, Connecticut, US. The company has a well-established market position, a diversified customer base and long-lasting customer relationships. The customer base consists of more than 600 customers across multiple sectors such as electrical, hardware, industrial, defense and automotive. Plymouth has 55 employees and generates revenue of approximately MUSD 12 per annum with favorable profitability, and the company has exhibited a strong financial track record over time.

Click here to read more.