Lesjöfors AB, the €300m global spring manufacturing powerhouse, with over 50 manufacturing and technical sales sites across the world, is launching a new company, rebranding two of its UK factories to Lesjöfors Heavy Springs UK.
The UK factories in Cornwall, formerly called European Springs & Pressings, will now form a new company called Lesjöfors Heavy Springs UK.
Michael Gibbs, Managing Director of the newly formed Lesjöfors company says: “This is a really exciting new chapter for the Cornwall factories. Our new company and new name reflect a unified team under the Lesjöfors AB brand and the world-leading springs we manufacture for customers across the automotive, rail, agriculture, oil, mining, construction and energy sectors in the UK.
We have achieved a record-breaking order book over the last year; sales are up 35%, we’ve grown our team by 40% and our annual turnover is our best yet at £15m. This year we’re investing £1 million in new machinery and every element of our performance has been driven by an ambitious and progressive team, propelled with investment support by Lesjöfors AB.”
The rebrand is part of a new division, focusing on growth and significant investment in the heavy springs sector across the synergised specialisms, product range and industries served within the Lesjöfors AB heavy coiling sites in the UK, Finland and Sweden.
Ola Tengroth, CEO of Lesjöfors AB says: “As part of our global long-term future-focused growth strategy, the heavy springs sector has been identified as one of four key expansion areas and the Cornwall sites evolution, to a new Lesjöfors brand, is a natural fit for the company’s future.”
Gibbs concludes: “We’re evolving for our customers; enhancing efficiencies, committing more investment and moving forward, together with our heavy spring colleagues in Finland and Sweden, as a progressive and competitive global design, manufacturing and technological development network.”
Increasingly dominating the springs industry, Lesjöfors AB is rapidly expanding its portfolio with a mergers and acquisitions programme that has seen the company acquire nine sites from the US and Europe in the last few months, with further announcements planned for the year ahead.
European Springs & Pressings will continue its manufacturing operations in Kent.
Lesjöfors Heavy Springs UK, based in Cornwall, are world-leaders in heavy spring manufacture, delivering the greatest expertise in large diameter compression, torsion and tension spring manufacturing.
Market leading solution providers, committed to manufacturing excellence, reliability and customer service, they specialise in industrial and automotive spring components and sit alongside sister sites in Sweden and Finland as a global design, manufacturing and technological development network dedicated to service, quality and accuracy, coiling wire from 3mm to 65mm diameter.
Their spring components are used across multiple sectors in some of the most extreme environments on the planet.
Lesjöfors Heavy Springs UK thinks, makes and solves spring solutions; building the world’s infrastructure one spring at a time.
Their parent company, Lesjöfors AB, has 50+ manufacturing and technical sales sites across Europe, America and Asia.