Lesjöfors AB has acquired Northampton-based Metrol Springs Ltd, a manufacturer of tooling gas springs, special purpose gas springs and a wide range of standardised.
The company also offers linear actuators and a range of industrial hardware.
A large proportion of its sales are via catalogue and it serves a diversified customer base in the UK, Europe, the US, and Asia, including industrial and automotive customers. 40% of its £7m annual revenue comes from exports.
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: “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.”