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Lesjöfors acquires Slovakian spring manufacturer Centrum B

13/05/2013 Lesjöfors has, with effect from May 1, 2013, signed an agreement to acquire the Slovakian spring manufacturer Centrum B. Centrum B has a broad base of customers, mainly in the automotive sector and related industries.
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Lesjöfors is one of the largest spring manufacturers in Europe and manufactures one of the widest product portfolios on the market. In 2012, sales were approx. EUR 175 million and the company has around 1200 employees. Lesjöfors operates in Sweden, Norway, Finland, Denmark, England, Germany, Slovakia, Latvia, Russia, China and Korea.

Centrum B employs around 25 people, and sales in 2013 are expected to be approximately EUR 1.5 million. Germany, the Czech Republic, and Slovakia make up Centrum B’s main markets, with customers also located in several other countries. As a qualified, spring producing partner in an attractive cost position, the acquisition will allow Centrum B to strategically compliment Lesjöfors’ German companies. Centrum B's production areas include wire springs and wire forms.

Kjell-Arne Lindbäck, CEO of Lesjöfors comments on the acquisition: “This acquisition strengthens Lesjöfors´ position in Germany and Central Europe. With Centrum B in our Group, a competitive business with high growth potential is added.”

For Centrum B, benefits of a new owner include access to new market channels and expertise from Lesjöfors’ global organization.

Ján Macuha, CEO and previous owner of Centrum B, comments on the sale: “The network of expertise within the whole spring market and access to a global sales organization within the Lesjöfors Group will further strengthen Centrum B's market position and significantly increase our company's growth. The sale of the company to the Lesjöfors Group that has springs and pressings as its´ core competence, I regard as an excellent long-term position for the company.”

DP

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