John Evans\u2019 Sons is the oldest spring maker in the US, founded in 1850, and has a leading position on the US market. The company has a diversified customer base with long customer relationships, attributable to its expertise and ability to support customers early on in their product development projects. Revenue mainly stems from customers within the medical industry but also from customers within the industrial, construction, aerospace and transportation industries. The production facility is located in Lansdale, Pennsylvania, and the company has 72 employees.<\/p>\n\n\n\n
Similar to Lesj\u00f6fors, John Evans\u2019 Sons has close customer relationships, high technical expertise and strong emphasis on tailored solutions. Through the acquisition, Lesj\u00f6fors strengthens its position within the medical segment and builds further scale in the US. The acquisition also enables other opportunities for profitable growth, such as purchasing coordination, cross-selling, resource\/knowledge sharing with Lesj\u00f6fors\u2019 other US companies.<\/p>\n\n\n\n
Beijer Alma\u2019s CEO, Henrik Perbeck<\/strong>, comments on the acquisition: \u201cI am excited about this acquisition, which following the acquisition of Plymouth in December 2021, underlines Lesj\u00f6fors\u2019 potential and ambition to increase scale in the US and build the leading spring, wire and flat strip component group. I am convinced that John Evans\u2019 Sons will thrive under Lesj\u00f6fors\u2019 decentralized governance model and a great fit with Beijer Alma\u2019s model for value-adding acquisitions.\u201d<\/em><\/p>\n\n\n\n Lesj\u00f6fors\u2019 President, Ola Tengroth<\/strong>, comments on the acquisition: \u201cThrough this acquisition, we increase our market share in the US significantly by more than doubling revenue in the region. John Evans\u2019 Sons has a long, successful, history and we are excited about what we can achieve together. In addition to a well-matched corporate culture, John Evans\u2019 Sons will strengthen Lesj\u00f6fors in the US and enables multiple value creating avenues for Lesj\u00f6fors at the same time as John Evan\u2019s Sons can benefit from Lesj\u00f6fors\u2019 expertise and footprint. Thus, we are convinced that the companies will strengthen each other going forward.\u201d <\/em><\/em><\/p>\n\n\n\n Sam Davey and Pate Banmiller, John Evans\u2019 Sons\u2019 current owners and co-presidents will remain in their operational roles to continue to develop the business. In line with Lesj\u00f6fors\u2019 decentralized organisation, the company will continue to operate under its own brand and management.<\/p>\n\n\n\n John Evans\u2019 Son\u2019s co-presidents, Sam Davey and Pate Banmiller<\/strong>, adds:<\/p>\n\n\n\n \u201cWe are extremely thankful to our two prior family generations who successfully ran America\u2019s Oldest Spring Maker before us, starting in 1967. Since joining the business in the late 1990\u2019s, we have cultivated relationships with our world-class customers and been the recipients of exceptional raw materials and services from our vendors. Far and away, the biggest contribution to the company\u2019s success has come from our talented workforce and their ongoing pursuit of technical and manufacturing excellence.<\/em><\/p>\n\n\n\n Since purchasing the company in 2016, revenue has more than doubled and profits have increased exponentially. Our growth strategy has been to offer unparalleled product development support in high technology areas, especially the medical industry, while continuing to provide outstanding quality, service, delivery and price to existing customers. We are excited about our new relationship with Beijer Alma and convinced that by joining forces with Lesj\u00f6fors, there will be even more opportunities for significant growth.\u201d<\/em><\/p>\n\n\n\n President Lesj\u00f6fors AB, Ola Tengroth: +46 (0) 706 79 88 04 Lesj\u00f6fors, part of the Beijer Alma group, has today signed an agreement to acquire the assets and operations of John Evans\u2019 Sons INC, a leading US spring manufacturer. With the acquisition, Lesj\u00f6fors strengthens its US presence and significantly increases its sales to the medical industry, in line with its ambition to build the leading spring, wire and flat strip component group.<\/p>\n","protected":false},"author":9,"featured_media":59544,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-59528","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":"