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.<\/p>\n\n\n\n
Lesj\u00f6fors\u2019 President, Ola Tengroth<\/strong>, comments on the transaction: \u201cLesj\u00f6fors has followed Plymouth\u2019s development over time, and we are impressed by the company\u2019s progress. Through this acquisition, Lesj\u00f6fors is establishing a US presence within industrial springs, and the company will serve as a platform for future organic and acquisitive growth in the region. I am looking forward to working together with the company\u2019s management team to build on this platform and to continue to develop and grow the company.\u201d<\/em><\/p>\n\n\n\n Plymouth\u2019s CEO, David Devoe<\/strong>, adds: \u201cI am excited to join Lesj\u00f6fors. Having access to Lesj\u00f6fors\u2019 global network and broad range of capabilities will support us in developing our customer base and pursuing new business opportunities.\u201d<\/em><\/p>\n\n\n\n Beijer Alma\u2019s CEO, Henrik Perbeck<\/strong>, also comments on the transaction: \u201cWith its customer-centric strategy and close customer relationships, Plymouth is a perfect fit with Lesj\u00f6fors and Beijer Alma\u2019s model for value-adding acquisitions. The transaction is well in line with Lesj\u00f6fors\u2019 ambition to build the leading spring, wire and flat strip component group, and I am excited about the growth avenues this transaction could unlock in the US.\u201d<\/em> <\/p>\n\n\n\n President Lesj\u00f6fors AB, Ola Tengroth: +46 (0) 706 79 88 04 Lesj\u00f6fors has acquired the assets and operations of Plymouth Spring Company, Inc., a US-based manufacturer of industrial springs. The acquisition is another step in Lesj\u00f6fors\u2019s 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.<\/p>\n","protected":false},"author":9,"featured_media":8789,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-54181","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nFor further information, please contact: <\/h4>\n\n\n\n
President and CEO of Beijer Alma AB, Henrik Perbeck: +46 (0)18-15 71 60<\/p>\n","protected":false},"excerpt":{"rendered":"