Lesjöfors, part of the Beijer Alma group, has signed an agreement to acquire the assets and operations of John Evans’ Sons INC, a US spring manufacturer. With the acquisition, Lesjöfors 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.
John Evans’ Sons is the oldest spring maker in the US, founded in 1850. Revenue mainly stems from the medical industry but also from customers within the industrial, construction, aerospace and transportation industries. The production facility is in Lansdale, Pennsylvania, and the company has 72 employees.
Beijer Alma’s CEO, Henrik Perbeck, said: “I am excited about this acquisition, which following the acquisition of Plymouth in December 2021, underlines Lesjöfors’ 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’ Sons will thrive under Lesjöfors’ decentralized governance model and a great fit with Beijer Alma’s model for value-adding acquisitions.”
Sam Davey and Pate Banmiller, John Evans’ Sons’ current owners and co-presidents will remain in their operational roles to continue to develop the business. In line with Lesjöfors’ decentralized organisation, the company will continue to operate under its own brand and management.
John Evans’ Son’s co-presidents, Sam Davey and Pate Banmiller, added: “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 Lesjöfors, there will be even more opportunities for significant growth.”
