{"id":63619,"date":"2023-04-03T15:42:58","date_gmt":"2023-04-03T13:42:58","guid":{"rendered":"https:\/\/www.lesjoforsab.com\/?p=63619"},"modified":"2023-04-03T16:07:24","modified_gmt":"2023-04-03T14:07:24","slug":"lesjofors-strengthens-its-position-in-the-us-by-acquiring-tollman-spring","status":"publish","type":"post","link":"https:\/\/www.lesjoforsab.com\/about-lesjofors\/news\/lesjofors-strengthens-its-position-in-the-us-by-acquiring-tollman-spring\/","title":{"rendered":"Lesj\u00f6fors strengthens its position in the US by acquiring Tollman Spring"},"content":{"rendered":"\n<p>Tollman, founded in 1945, is a manufacturer of industrial springs with a well-established market position. The diversified customer base consists of more than 500 customers, mainly in the Industrial, Electrical, Defense &amp; Firearms, and Automotive markets. As recently acquired Plymouth, Tollman is located in Bristol, Connecticut, enabling a seamless integration to the group. Tollman has about 100 employees.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"365\" src=\"https:\/\/www.lesjoforsab.com\/wp-content\/uploads\/tollman-logo-1024x365.jpg\" alt=\"\" class=\"wp-image-63611\"\/><\/figure>\n\n\n\n<p>Like Lesj\u00f6fors, Tollman has long-standing customer relationships, high technical expertise and strong emphasis on tailored solutions. Through the acquisition, Lesj\u00f6fors complements its industrial spring offering in the US, mainly within smaller dimensions, and builds further scale in the region. The transaction also enables other opportunities for profitable growth, such as purchasing coordination, cross-selling, as well as resource- and knowledge sharing with Lesj\u00f6fors\u2019 other US companies, especially with Plymouth attributable to the close proximity.<\/p>\n\n\n\n<p>Lesj\u00f6fors\u2019 Group CEO, <strong>Ola Tengroth<\/strong>, commented on the acquisition: \u201c<em>Through this transaction, we increase our revenue in the US by c. 30 per cent, meaning that Lesj\u00f6fors now has a significant presence in the region. Tollman is a well-managed company which has made significant investments in recent years, and we see ample potential to accelerate revenue growth through Lesj\u00f6fors\u2019 sales network.<\/em>\u201d<\/p>\n\n\n\n<p>After the transaction, Tollman\u2019s operative current owners, Rick Zink, Tim Dudzinski and Lisa Barnes, will remain operational during a transition period. The current plant manager, Matt Zink, will be promoted to CEO and continue to develop the business. In-line with Lesj\u00f6fors\u2019 decentralized organization, the company will continue to operate under its own brand and management.<\/p>\n\n\n\n<p>Tollman\u2019s new CEO, <strong>Matt Zink<\/strong>, added: \u201c<em>I am very proud today and I would like to thank all our employees who make sure we continuously evolve as an organization. We are all excited to join forces with Lesj\u00f6fors and we are convinced that the transaction will strengthen both companies and unlock multiple opportunities for future growth.<\/em>\u201d<\/p>\n\n\n\n<p><strong>For further information, please contact: <\/strong><strong><\/strong><\/p>\n\n\n\n<p>Group CEO Lesj\u00f6fors AB, Ola Tengroth: +46 (0) 706 79 88 04<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lesj\u00f6fors has today signed an agreement to acquire the shares in Tollman Spring Company. inc., a US spring manufacturer. Through the transaction, Lesj\u00f6fors further strengthens its US presence following the acquisitions of John Evans\u2019 Sons and Plymouth. <\/p>\n","protected":false},"author":9,"featured_media":63627,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-63619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lesj\u00f6fors - Springs and Pressings<\/title>\n<meta name=\"description\" content=\"Lesj\u00f6fors \u00e4r en av v\u00e4rldens st\u00f6rsta tillverkare inom idustrifj\u00e4drar och banddetaljer.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lesjoforsab.com\/da\/about-lesjofors\/news\/lesjofors-strengthens-its-position-in-the-us-by-acquiring-tollman-spring\/\" \/>\n<meta property=\"og:locale\" content=\"da_DK\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lesj\u00f6fors - 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